News, search, and email giant Yahoo made an announcement today about a hack that has affected an estimated one billion users, or roughly most of its customers worldwide. This is not to be confused with the September 2016 news that the email accounts of 500,000 users had been hacked in 2014; the latest breach is believed to have affected its fans a year prior to the September event.
Each year, the Identity Theft Resource Center tracks data breach activity and keeps track of the number of compromised records. For most of the last ten years, data breaches have continued to set new annual records for both the number of events and the number of records that were exposed. But while so many people focus on large-scale breaches that have affected retailers or government agencies, there’s another kind of data breach that can have far more serious—even potentially life-threatening—consequences.
It would be downright funny if it wasn’t so alarming: a new study shows that cyberthieves are being hit hard by an economic crisis related to supply and demand. The problem? There is so much stolen information being sold on the dark web that prices have dropped significantly.
It's important that consumers and tech users understand how cybersecurity issues and compromised personal data records occur. One of the many avenues to data loss that advocates and experts have pinpointed is through data breaches.
There was a time when hackers sought out retailers’ computer networks, specifically their point-of-sale credit card networks, and used that access to steal credit card and debit card information. Over time, there’s been a shift in the way hackers operate.
The reality of most data breaches and hacking events is far less sophisticated than you might think. Thanks to some simple tools that can be found online, everyone from an international cybercrime ring to a person living up the street could be stealing information.
Companies, organizations and agencies that hold and transmit people’s personal information should keep it reasonably secure from unauthorized access and use. But what if there is a data breach that exposes the information? How should the breached entity help those affected? Should it offer them identity theft services?