Archive: November, 2014
We’re living in the brave new world of big data. It’s here, it’s real and it’s already changing our lives in awesome ways. With all of its potential, though, comes the fear that the vast stores of information institutions hold will be used for malevolent purposes.
The news has been filled with stories about data breaches, DDoS events, and other IT attacks. A quick flip through recent headlines recalls the punishing hacks of EBay, Home Depot, Verizon and P.F. Chang’s. According to Forbes’ assessment of the first half of 2014, “Criminals are stepping up their game and data breaches are becoming both common and devastating.”
As shown by the high-profile – not to mention highly embarrassing – breaches of the past year, even the biggest organizations cannot completely shield themselves from a cyber-attack or data breach, the risks of which are too obvious and numerous to mention. After implementing oversight/prevention strategies (outlined here by the Department of Homeland Security) the best thing executives can do to mitigate risk associated with cyber threats is to be prepared for them.