Published by Al Saikali

Yesterday I had the opportunity to speak with Colin O’Keefe of LXBN TV regarding the recent major data breach involving Global Payments Inc. In the interview, I explain the background of the breach, which impacted all major credit cards, the lessons companies can learn from the breach and exactly who bears the burden—financially and otherwise—of

Another massive high profile data breach was in the news this past week. MasterCard, Visa, American Express, and Discover, as well as other banks and franchises were affected.  Significantly, the breadth of the effect was not a result of separate attacks against each bank, but rather a hacking of one common third-party service provider—Global Payments

A data breach can result in the exposure of private customer information (credit card information, social security numbers, email addresses, etc.) to unknown third parties who may fraudulently use that information.  In instances where the information is used fraudulently, the customer suffers a harm that can usually be quantified or measured in some way.

But

Some of the most alarming statistics concerning data breaches relate to how frequently they occur, who is suffering them, and the cost such breaches impose on their victims.

According to a recent survey of 583 IT practitioners (more than half of whom were employed by organizations with more than 5,000 employees), 90% of organizations had