The incidents
of data breach have been increasing by leaps and bound since the since the last
decade. In the year of 2006, the cost of data breach incidents was quite high
which was about $4.8 millions, this cost increased within a year by 76 percent
and reached $6.3 million. Nearly 6 years back from today, the cost per data
breach was about $197. The studies show that only the United States of America
suffered $5.4 million in result of the data breach incidents in 2013. These
facts are jaw dropping and quite alarming for the computer users that how
insecure that data is. There are some kinds of data leakages that may prove to
be a nightmare for people that suffer data loss. Some years back, the Home
Depot lost a laptop that contained all the personal information of their Ten
Thousand employees. But, the fact is that it was not just the Home Depot, the
Veterans Administration, Monster.com, Fidelity National Information Services,
AOL, TJX and many more companies have suffered a major data loss. It is not
much of an issue when a company loses as the result of fierce attacks of
attacks by hackers on its database. The company faces more difficulty when it
stands guilty alone of losing precious information.
TJX suffered
a data loss due to the hackers’ attacks on its database. But, the security
officers revealed that TJX cannot blame the cyber criminals for losing data,
the company has to accept the responsibility of not making the due security
measures to make the data secure. The situation turned worse for the company
when it was disclosed that even the breach was not detected by the company
itself. The company was sued by a number of stakeholders who suffered because
of the lethargic or irresponsible approach of the company towards the data
security. A credit card company filed a suit and claimed that information of
nearly 94 million credit cards have been compromised in the result of this
information leakage. The number of
records compromised that the credit card company claimed were twice of the
estimate taken by the TJX.
It was one
of the million cases that came in the notice of the world. Many companies have
suffered losses of millions of Dollars in shape different kinds of frauds and
penalties. However, the common reason behind the majority of the incidents of
data breaches is the non-serious approach for data security. The companies can
afford the losses and fines of millions of Dollars, but, what about the common
man. Hackers can aim your data too and you can be a victim of their fraud, so,
it is better to use security software that can Lock Files.
Every bit of
data is precious; any piece of information that might be ordinary for you, but,
it can be used against you to make you suffer. The hackers are extremely
skillful and have a firm knowledge of how to spoil a piece of information. Keep
yourself update with the different kinds of new and improved techniques of
frauds and data thefts to keep your data secure.
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