06/12/2019 | News release | Distributed by Public on 06/12/2019 13:48
[Attachment] Customer accounts. Payment information. Inventory. It's all data you rely upon and often need at a moment's notice. Thankfully, you can access it all from your computer. But what if someone got into your information system and cut off your access? That's exactly what's happening in the disturbing trend of hackers intentionally blocking and holding company information hostage.
Here's the scenario
A business hires a third-party software vendor to develop a multi-location network project. Six months after its completion, several current and past customers start reporting fraudulent activity on their credit profiles. A data security firm discovers a programmer on the project stole the company's customer database. The company did have data breach coverage-but with a $150,000 limit. That left the company paying the remaining $400,000 in damages.
Effective data security may have prevented the unauthorized access to the business customer file. There were also issues with their incident investigation plan, credit monitoring and repair services, customer notification system, and legal guidance-all leading to delays in recognizing the problem and responding to it. The incident also left lasting damage to the company's reputation with customers and the community.
How to protect your data
There are things you can do to help protect your business and your customers' valuable information. Take a closer look at what you store and:
We want to help you protect your business by providing the information and resources you need to help prevent losses before they happen. Contact your Hortica representative and we'll have a conversation about protecting your critical data.
Learn more about protecting your business, check out the Hortica Resources section.
Security cameras may provide you some extra piece of mind while helping protect your business. Check out the details.
Concerned about equipment thefts from your business? There are ways to protect yourself.