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Lessons from the GDPR compliance journey of a leading financial services organization

June 21, 2017adminUncategorizedDATA SECURITY, GDPR

In preparation for GDPR compliance, a global 100 financial services organization embarked on a journey to assess its core information processing environments with the objective of identifying opportunities to strengthen…

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EU Data Protection Regulation – Key Highlights

October 18, 2016adminUncategorized

European Union’s General Data Protection Regulation (GDPR) will come into effect in May 2018. The regulation put strong emphasis on data privacy and accountability of the businesses. Following are the key highlights of this…

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Cost of Data Breach –Talk Talk Plc Case Study

October 7, 2016adminUncategorized

Lack of appropriate security controls in the critical business process increases Data Breach Risk and can result in severe losses. According to a survey by the Ponemon Institute1 , Data…

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Ninty Seven Percent Consumers find Data Breaches unsettling

October 4, 2016adminUncategorized

A recent survey by Aletsec indicates that the american consumers are unsettled by data breach incidents. For over 30% respondents, Data breach indicates sloppiness and lack of professionalism .  https://www.alertsec.com/wp-content/uploads/2015/11/Press-Release-Sept-27.pdf  

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SEC May Review 2011 Data Breach Disclosure Rules in light of Yahoo’s Data Breach Disclosure

October 4, 2016adminUncategorizedData Breach, Sensitive Data

SEC’s 2011 directive asked companies to disclose material information regarding cybersecurity risks and cyber incidents. In Yahoo’s data breach case, Yahoo did not disclose when it first learnt about the…

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To Err is Human – The $37 Billion data breach problem

October 2, 2016adminUncategorized

Data breach costs companies on an average $220 per compromised or lost/stolen records1.  Per the Identity theft resource center2,  US businesses reported 780 data breach incidents totaling over $170 million…

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Trump hotel chain fined for delayed reporting of data breaches

September 27, 2016adminUncategorized

Trump hotel chain has agreed to pay $50,000 in fines and penalties because of a data breach incident involving 70000 credit card numbers. The key charge against Trump Hotel Collection…

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Email mishap at Google

September 14, 2016adminUncategorized

Email mishaps leading to data breaches? According to the following report, google suffered a data breach due to an email error. When dealing with business partners and third party processors, companies need…

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Vendor left files containing 655,000

September 14, 2016adminUncategorized

In yet another incident involving third party vendor error, name and social security number of 650000 bon secours

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Data Breaches on the Rise

September 14, 2016adminUncategorized

Per a recent study by Piper Jaffray, there have been 569 reported breaches this year so far, up

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