Over the last few years, conflicting reports have been released on whether data breaches affect the stock value of companies. The question at the center of this debate remains: “If my American business suffers a cyberattack, will its value plummet on Wall Street?” The Harvard Business Review issued a staunch “no” back in 2015, but new findings made by Comparitech are showing that there’s more to the story. Comparitech discovered that stock prices are lowered, both after the initial public reveal and throughout the years to come. Read More
If the recent photo leaks of Hollywood celebrities have taught us anything, it’s that cloud systems aren’t secure places for storing data. Indeed, don’t think for a second that A-listers are the only Americans being impacted by these cyber crimes. Many people store personal, confidential data in their clouds, which makes them a tempting target. Hackers could easily gain access to your online storage too if you don’t take the proper safety precautions. While there isn’t a way to guarantee that your data are totally secure, we’ll tell you the best methods to help safeguard your cloud. Read More
When it comes to the topic of big data, many people still view its collection as invading their privacy. Throughout recent years, the US government has come under fire for acquiring an increasing amount of data about its citizens. Back in 2000, studies showed that information collection was rising at record paces. Indeed, ever since 2013, the acquisition of big data is anticipated to double with each new year.
Why do governments need this quantity of information? Within the American public, there appear to be widespread misconceptions about big data. As a term, “big data” simply refers to complex data sets, which can’t be analyzed by traditional processing means. Once reviewed, this immense amount of data is meant to fully reveal patterns, trends, and connections, specifically in relation to people and their societal interactions. Overall, the US government gathers this data to keep its citizens safe, rather than snooping into their personal lives. We’ve listed several examples below for your consideration. Read More
On June 23, 2017, a judge was expected to make a final ruling on Apple’s plans to build a data center in Athenry, Ireland. Instead, the Irish Courts Service cited a “shortage of High Court Judges, practitioners and parties,” and pushed the court date back to July 30, when presumably someone will be available to preside. If the June 23 ruling had happened, it would’ve been the official verdict in a tug-of-war between Apple and Irish citizens that started two years ago.
Apple first proposed the Athenry data center back in February 2015, but a series of obstacles have halted the project. Essentially, the building plans are gridlocked by a small band of Irish locals. This standoff is resulting in a true battle of wills, where neither side plans on budging. However, with such mounting tensions, many outsiders wonder why Apple hasn’t already taken its business elsewhere. Keep reading to discover why the powerful company’s plans are being foiled. Read More
This year, Washington State University learned a hard lesson in Data Security 101. It was recently revealed that the university discovered a significant breach on April 21st, 2017. But WSU kept quiet about the crime until June 9th, when they began mailing out letters to the affected parties. Turns out, over a million individuals had their personal information stolen!
So, why did WSU stay tight-lipped for 7 weeks? The college’s rationale behind the delay was that they needed time to consult local authorities and launch an internal investigation. Keep reading to discover which details were finally revealed by WSU’s president, Kirk H. Schulz. Read More
Back on May 26, 2017, a huge power surge occurred at British Airways data center near London’s Heathrow Airport. It resulted in a center-wide outage that grounded 479 airplanes and stranded over 75,000 passengers who were hoping to fly to cities around the world. Over the next two days, 193 more flights were canceled as the airline scrambled to return its operations to normal. Overall, this 3-day disruption caused a 1.8% drop in British Airways passenger traffic.
Data Security News: The L.A. Celebrity Plastic Surgery Data Breach
One of the latest data breaches to make headlines is the recent revelation that the medical records of some 15,000 plastic surgery patients, some of whom may be celebrities, were stolen from a high-end plastic surgery practice. On top of that, it has been reported that videos and photographs depicting some of the patients were also compromised. Read More
In 2017, reports of companies’ newly leaked data seem to fill the media every week. Indeed, statistics are showing a staggering amount of compromised data from these last 5 months alone. We’re not even at the year’s halfway mark yet, but experts are reporting that 2017’s data losses could top the all-time charts. As of May 23, there have been 1,254 publicly stated breaches, alongside 4,837 published vulnerabilities. With more leaks looming in the imminent future, we decided to take a trip down memory lane. Let us present to you some of the worst data breaches from the last 10 years.
We certainly are in the age of big data: more than 90% of the world’s data has been created over the last several years, and the amount of data is doubling roughly every two years. By 2020, IDC estimates that we will produce 44 zettabytes of data every year — that’s 44 trillion gigabytes! This includes all of the data that humans produce through various online activities, in addition to the data collected by Internet of Things devices. Read More