Chargebacks911® COO Explains How to Make it Through A Tough Security Incident
In her monthly byline feature for Newsmax Finance, COO Monica Eaton-Cardone explains how businesses can better defend themselves against surging data breach incidents.
Newsmax is a leading news outlet for personal finance and related topics. The site covers a diverse range of topics including health, finance, world news, and much more.
Data breaches are nothing new. Security incidents at major corporations and large financial institutions have been a fixture in the regular news cycle for years now. What’s different is the frequency with which these events occur, as Monica explains in the post.
“Not only are we seeing more breaches this year than last, but the incidents themselves are also larger, too. When looking at individual records exposed, the number is 52 percent compared to the first half of 2018, totaling 3.2 billion consumer records. But, of the 3,800 breaches reported in the first six months of 2019, 80 percent of the files compromised were traced to just eight individual hacks.”
The challenge is in identifying data breach sources. Any single data breach incident could be connected to numerous potential threat sources. If businesses are unable to stop hackers from compromising their systems, they will ultimately be the ones who bear the brunt of responsibility in the forum of public opinion.
Fortunately, Monica has tips to help merchants protect themselves and their customers, as well as tips from consumers to mitigate their risk as well.