Equifax’s giant cybersecurity breach announced yesterday – one of the worst ever – compromised the personal information of almost half the U.S. – potentially 143 million Americans. Residents in the U.K. and Canada were also affected. Based on Equifax’s investigation, the unauthorized access occurred from mid-May through July 2017.
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In its recent 2016 Data Breach Investigations Report, Verizon Enterprise confirmed many industry trends that we see at ID Agent every day. The most glaring blind spot for organizations is how stolen credentials are the primary means by which hackers exploit their vital systems.
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Verizon’s recent announcement of a data breach in their Enterprise Solutions unit is just the most recent of a staggeringly high number of organizational data breaches in the U.S.
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A little known fact about corporate identity theft is that a large percentage of data breaches originate inside the organization’s walls. A recent report by Intel estimates that 43% of data breaches are the result of insider threats. Half of the insider breaches came from employee negligence and half came from malicious actions.
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If you think you’re immune from hackers, consider this USA Today headline from March 25, 2016:1.5M Customers of Verizon Anti-Hacking Unit Hacked. We bring this headline to your attention not to cast aspersions on Verizon, but to illustrate that no organization is immune from hackers.
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