Security Violations And Security Breaches

A security breach is one of the earliest stages of a security attack by a malicious intruder, such as a hacker, cracker or nefarious application. Security breaches happen when the security policy, procedures and/or system are violated. Depending on the nature of the incident, a security breach can be anything from low-risk to highly critical. In an organization, security breaches are typically monitored, identified and mitigated by a software or hardware firewall. If an intrusion, abnormality or violation is detected, the firewall issues a notification to the network or security

The data breaches at Target, Home Depot are reminders to CIOs of how deadly social engineering can be. CIO’s and CSO’s realize the dangers of security problems on a massive scale. These are some deliberate security breaches that happen when an employee shares a password or loses a mobile device. An employee might access a website at work that loads malware onto his PC, which then spreads throughout the corporate network. In other cases, security breaches occur when a disgruntled employee leaves the company and takes with him valuable intellectual property that belongs to the company.

Now a day, companies are focusing and investing more on IT security, where the company’s and customers’ personal and financial information managing and storing. Certainly, more cost involves in this process. Companies who failed in security breach prevention paid and paying huge amount. Example for this is Target. This multinational grocery stores company’s data breached in 2013 this affecting its business. Furthermore, by 2015 nearly 1000 Target employees lost their jobs and the company is facing legal suits from bankers and customers.

When researching major security breaches that companies have endured, the company that really interested me was Home Depot. The company had a sever security breach in 2014, in which over 40 million credit card numbers and 50 million emails were compromised over a five-month period. As mentioned, the breach occurred in 2014 over a course of five-months. During the duration of those five months, an intruder obtained a vendor’s credentials and gained access to the company’s network. The security hack affected individuals who lived in the United States and Canada who had used the personal self-checkout machines at the stores. The impact the breach had on the company was frightful. The amount of repercussions the breach had on the company lasted for a long time. As a result of the breach, many lawsuits arose from whole situation. After the end of the trials, Home Depot paid 8.7 million in legal fees and had a 161 million pre tax expenses that covered the incident.

People across the world are becoming disproportionately dependent on modern day technology, which results in more vulnerability to cyber-attacks including cybersecurity breaches. Today, the world continues to experience inordinate cases of cybersecurity meltdowns. There is a rapid growth in complexity and volume of cyber-attacks, and this undermines the success of security measures put in place to make the cyberspace secure for users. Cyber-attacks on both private and public information systems are a major issue for information security as well as the legal system. While most states require government organizations and certain federal vendors to report incidences of data breaches, no equivalent legislation exists to cover private entities.

Research Objective: The main theme of this research paper is to protect sensitive information that any organization or business possess. With community’s increasing reliance on information systems and technology there is scope for security breaches, more likely to happen. Not only monetary loss it can create damage to information assets that has sensitive data. To secure these assets from any internal or external damage organizations has to follow proposed rules and guidelines. Also security responsibilities

Most of the companies will need to help of key vendors and security to make the firms to identify the cause of the breach. Following a breach notify your agent and claims representative as soon as possible. You also need to keep the lines of communication open . This is very important to make sure that you keep the employees, customers and business partners and all other that may be interested parties and you need to keep them up to date about what is happening that would the attack that you had. Sometime a company needs to start over after a breach has happened. You would also want to gather a IT staff to make sure that you would document the facts that surrounding the incident. You would want to check your security events logs to help you to know what vital is the time the date that the breach took place and you would also what was the machine to which was involved in the incident. You would also want to know if there was any personally identifiable information was take in this breach such as social security number or any medical records or financial information or any other confidential data was

The analysis of 2,260 breaches and more than 100,000 incidents at 67 organizations in 82 countries shows that organizations are still failing to address basic issues and well-known attack methods. The (DBIR, 2016) shows, for example, that nearly two-thirds of confirmed data breaches involved using weak, default or stolen passwords. Also shows that most attacks exploit known vulnerabilities that organizations have never patched, despite patches being available for months – or even years – with the top 10 known vulnerabilities accounting for 85% of successful exploit “Organizations should be investing in training to help employees know what they should and shouldn’t be doing, and

Computer security breaches have been occurred in too many places since information technology is used. Security practitioners declare that those breaches incident cost vast businesses that is estimated more than $1 billion, according to Pinsent Masons, (2014). There are also non-financial costs that companies may suffer. Figure 1 is illustrated World's Biggest Data Breaches that happened last decade.

A breach occurs when an unauthorized person accesses private information, either intentionally or unintentionally. Usually, it is referred to electronic breaches where data on computers, servers or discs fall into the wrong hands (Cook, 2010). In today’s world, barely a day goes by without some news reporting some type of data breach. Breach of data incidents grow in frequency and severity, despite the regulatory requirements for data privacy protection and incident notification becoming more stringent.

In the last decade it’s amazing how technology has advanced over the years and will continue to advance for many years to come. Every year there is a new cell phone from Apple or Samsung, with new features that make our lives more convenient. From faster software to higher picture quality and so on. I am unable to recall the last time I used a camera to take pictures or went to the bank to deposit a check. Technology advances every day and many can’t wait to see what’s next to come. But with new technology comes greater risk for violations of privacy. In the following research paper I will discuss the types of security breaches and the cost associated with these breaches that businesses around the world face on a daily basis.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

a significant amount of data security breaches are due to either employee oversight or poor business process. This presents a challenge for businesses as the solution to these problems will be far greater than simply deploying a secure content management system. Business processes will need to be examined, and probably re-engineered; personnel will need to be retrained, and a cultural change may be required within the organization. These alone are significant challenges for a business. A recent example of what is probably unintentional featured an Australian employment agency’s web site publishing “Confidential data including names, email addresses and passwords of clients” from its database on the public web site. An additional

A successful business works on the basis of revenue growth and loss prevention. Whenever an organization start a project, they first plan for security because security breach can impact on overall project like data leakage, down-time and reputation loss. This may, in turn, impact on the company’s bottom line and ultimately profit margins. A virus attack on project or a network breach can cost a business thousands of dollars. In some cases, it may even lead to legal liability and lawsuits.

Almost all kind of large and small organizations might face increasing number of attacks into their network or intellectual property. This may lead to data disclosure, data destruction, and damage of organization’s reputation. There are numerous threats in the cyber space which might be capable of stealing, destroying or making use of out sensitive data for financial and non-financial gains. As the amount of computer, mobile and internet users increases, so does the number of exploiters.