The data breach

The data breach

The data breach has become the talk, and this is due to an increase in the number of incidences that involve data breach that is being reported. Data is sensitive, and whenever there is a breach, the company or business is impacted significantly, and this has also contributed to the fall of many companies across the globe. There are many data breach incidences over the past few months. Newegg incidence caught my eye and I will like to dive into this incidence as I explore how a data breach can impact both the organization and the user or client’s trust.

Financial gains mostly motivate cybercrime, and this is the reason why organizations must come up with mitigation factors to help in preventing a data breach. In the case of Newegg, a cybercrime group known as Magecard was able to compromise the systems with malicious code. The code was able to compromise credit card information of clients who transact online. The same group is also responsible for high profile attacks that have impacted the operations of many organizations. However, the company released a statement claiming that only a few customers were affected in the attack, and they have come up with a solution to the attack, and it will not be witnessed in the future. Through the incident, the company was able to identify its vulnerabilities and working on it to improve its security. The users were also advised to follow proactive security measures such as not sharing their credentials and reporting any suspicious activities to the system security team. The first strategy I will implement to help in protecting the organization is to employ the two-factor authentication as well as encrypt the databases to ensure that hackers do not access the data.