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Data Breach

Data Breach is when confidential information is illegally copied, transmitted, viewed or stolen. A breach can also be unintentional and happen through a lack of security, human error or hardware/software malfunction. It can cause damage to consumers and businesses and affect a company’s reputation and bottom line.

Hackers are the most common attackers, and they can use brute force software to guess passwords or buy credentials on the dark web. Other hackers may use social engineering attacks such as phishing or ransomware, which holds computer files hostage until the victim pays a fee to unlock them. In many cases, the forensics work and remediation that is required after a breach can be expensive.

A company that experiences a data breach can incur significant litigation and reparations from the affected individuals, but the more significant loss is often to its brand reputation. Target, Equifax, and Yahoo are just a few of the large companies that have lost millions in consumer trust due to their breaches. Government organizations can also lose credibility as a result of being the victim of a data breach. The leaking of military and government trade secrets, as well as details on critical infrastructure like electricity grids can expose a country to foreign interference.

It is important to work with forensics experts after a breach to analyze backup or preserved data and logs. They can provide a full picture of how the breach occurred and help you prevent another one. For example, they can review whether your employees are using strong passwords, change all default logins to complicated ones and make sure users change their passwords regularly. They can also find out if your users are reusing the same password across multiple sites, which criminals will use to attempt to hack into other sites in a cyberattack known as credential stuffing.