Some companies unable to secure your data



It’s sad, but true. Some companies are just plain irresponsible with your data. Whether it be credit card information, or address and phone number there are those that aren’t good about keeping their databases private. The securityfix is reporting that a recent survey found 12% of people had been notified by companies that they did business with over a breach of security resulting in data loss. Apparently 20% of those, closed accounts subsequently.


Companies claim an average loss of 2.5%, ranging as high as 11%. In some cases, we have limited choices, but I would be eager to track down alternative choices if a company I had accounts with “lost” my data to information thieves.

Also, in another survey it’s said the cost “TO BUSINESSES” for a security breach averages around $14 million. (I wonder how much it winds up costing customers in time spent changing account information, calling credit companies to notify of suspicious charges from the breach… I doubt there’s any way to put a price on that…) Businesses were found to be four times more likely to lose customers if they failed to inform them of the breach in a prompt manner. Which I think is good to see, maybe that can be encouragement to companies to come clean once they discover something is wrong.

I have respect for companies that respond quickly to even suspected security breaches. As well, it’s a mark of character I think for them to fess up and detail to customers what has been found and what is being done to solve it, even if it’s a relatively minor issue. I remember an incident recently with Verizon wireless’ website, where a programmer had discovered that once logged in it might be possible to get other users account information. Verizon responded very quickly with an audit of their pages, closing that flaw and finding and fixing one or two others. I was somewhat impressed. (Unfortunately, I rather expected more of a “what was he trying to do” point the finger of blame elsewhere approach.)

Related Posts

Blog Traffic Exchange Related Posts
  • Sams club credit security breech? When I saw a story on incidents.org with the title PCI Compliance, I wondered what SANS was doing covering a hardware standard.... oops. PCI in this case means Payment Card Industry. It turns out that Sams Club has had a security breech that has exposed customers credit card information. The......
  • How common is data theft? According to this securityfix post it's a daily occurance. The email that he cites was from a woman who was informed by a company that a data backup had been "lost track of". There is a web site that chronicles such data security breaches. privacyrights.org. It's certainly worth a look.......
  • Viruses and worms can come in from many directions For a long time, email was the primary vector for viruses, before that floppy discs carried bugs from pc to pc. Then came network worms exploiting windows security vulnerabilities which led to the rise of firewalls and the increase in viruses piggy-backing into the system through browser bugs. But, any......
Blog Traffic Exchange Related Websites
  • Ways that a 2D Barcode can Complement an Incentive Program For the past few years, the 2D barcode became popular in North America's mobile scene. Knowing this, your customer incentive program and bank marketing ideas should incorporate the use of this technology. The 2D matrix barcodes at present have many different variations, and also contain more data information than......
  • Need A Reason To Check Your Credit Report? Over the past decade, credit reports have dramatically increased in importance and ability to affect your daily life.  This piece of personal information holds enormous power over your ability to obtain credit, obtain employment, or obtain a place to live, so it is very important that you know what information......
  • Comodo Internet Security Get the highest level of security with the advanced features available through Internet Security Pro 2011. Firewall - Slam the door on viruses with Comodo's unique Default Deny Protection™. Explore Comodo Firewall Antivirus - Scan for and destroy known threats to your PC’s health. Explore Comodo Antivirus Live Security......
www.pdf24.org    Send article as PDF   

Similar Posts


See what happened this day in history from either BBC Wikipedia
Search:
Keywords:
Amazon Logo

Comments are closed.


Switch to our mobile site