What Is Data Breaches? – Protect Yourself From Becoming A Victim
Data breaches are a growing concern in today’s interconnected world. They can have severe implications for individuals, businesses, and even governments. It is crucial to understand the mechanisms behind data breaches and the methods employed by hackers in order to effectively protect ourselves and mitigate the risks associated with such breaches. In this article, we will explore what data breaches are, how they can occur, and the potential impact they can have on individuals.
What is a Data Breach?
A data breach occurs when unauthorized individuals gain access to confidential or sensitive information, such as personal data (Social Security numbers, bank account details, healthcare records) or corporate data (customer records, intellectual property, financial information).
It’s important to note that the terms “data breach” and “breach” are often used interchangeably with “cyberattack,” but not all cyberattacks involve data breaches, and not all data breaches are the result of cyberattacks.
A data breach specifically refers to security incidents where the confidentiality of the data is compromised. For instance, a distributed denial of service (DDoS) attack that overwhelms a website does not qualify as a data breach. However, if a company falls victim to a ransomware attack that encrypts their customer data and threatens to sell it unless a ransom is paid, it is indeed a data breach. Similarly, the physical theft of hard drives, thumb drives, or paper files containing sensitive information would also be considered a data breach.
How do Data Breaches happen?
Data breaches can occur through various means. They are not always the result of deliberate attacks by external hackers. Some breaches happen due to accidental insiders, such as employees who access files without proper authorization. These individuals may not have any malicious intent, but their unauthorized access still constitutes a breach. On the other hand, malicious insiders intentionally access and share data with the intent to cause harm. Lost or stolen devices, such as unencrypted laptops or external hard drives, can also lead to data breaches. Additionally, there are malicious outside criminals, commonly known as hackers, who employ various methods to gather information from networks or individuals.
Malicious Methods used to Breach Data
Hackers utilize a range of techniques to breach data, including phishing, brute force attacks, and malware.
Phishing is a common method that involves social engineering tactics. Hackers pose as trusted individuals or organizations to deceive victims into revealing sensitive information or providing access to data. These attacks can be highly convincing, as they exploit trust and familiarity.
Brute force attacks involve using software tools to systematically guess passwords until the correct one is found. Hackers leverage the computational power of computers to try various combinations rapidly. Weak passwords are particularly vulnerable to this type of attack.
Malware, including spyware, is another method used by hackers to exploit security flaws in operating systems, software, hardware, or networks. Malware can be introduced through infected websites, malicious email attachments, or compromised software. Once installed, it can silently collect and transmit sensitive data to the hacker without the victim’s knowledge.
What is targeted in Data Breaches?
Although a data breach can occur due to an innocent mistake, real damage can be done if the unauthorized person targets and steals Personally Identifiable Information (PII) or corporate intellectual data for financial gain or to cause harm.
Malicious criminals follow a strategic pattern when targeting an organization for a breach. They conduct thorough research on their victims to identify vulnerabilities, such as missing or failed updates and employee susceptibility to phishing campaigns.
Hackers identify weak points within the target organization and develop a campaign to trick insiders into unknowingly downloading malware. In some cases, they directly target the organization’s network.
Once the hackers gain access, they have the freedom to search for the specific data they are after. It is worth noting that breaches often go undetected for a significant period of time, with the average breach taking more than five months to detect.
Common vulnerabilities targeted by malicious criminals in data breaches include:
1. Weak credentials
The majority of data breaches occur due to stolen or weak credentials. If hackers have access to a user’s username and password combination, they can easily infiltrate the network. Since many people reuse passwords across multiple platforms, cybercriminals can use brute force attacks to gain access to email accounts, websites, bank accounts, and other sources of PII or financial information.
2. Stolen credentials
Breaches caused by phishing attacks are a significant security concern. If cybercriminals obtain personal information through phishing tactics, they can use it to access the victim’s bank accounts, online accounts, and other sensitive information.
3. Compromised assets
Malware attacks are often used to bypass regular authentication steps that typically protect a computer or network. By compromising assets through malware, hackers can gain unauthorized access to sensitive data.
4. Payment Card Fraud
Card skimmers are devices that criminals attach to gas pumps or ATMs to steal data whenever a card is swiped. This type of fraud allows hackers to obtain payment card information and potentially engage in fraudulent transactions.
5. Third-party access
Even if an organization takes all necessary precautions to secure their network and data, malicious criminals can exploit vulnerabilities through third-party vendors. By compromising a trusted vendor, hackers can gain unauthorized access to the target organization’s system.
6. Mobile Devices
The trend of employees using their own devices (BYOD) in the workplace poses risks. Unsecured devices can easily download apps infected with malware, providing hackers with access to data stored on the device. This includes work email, files, and the owner’s PII.
The damage a Data Breach can do
In many cases, data breaches cannot be resolved simply by changing passwords. The consequences of a data leak can have lasting effects on reputation, finances, and more.
For business organizations, a data breach can have a devastating impact on their reputation and financial stability. Companies like Equifax, Target, and Yahoo have all experienced data breaches, and many people now associate these companies with the breach incidents rather than their actual business operations.
For government organizations, compromised data can expose highly confidential information to foreign entities. This includes military operations, political dealings, and details on essential national infrastructure, posing a significant threat to the government and its citizens.
For individuals, identity theft is a major concern following a data breach. Leaked data can include social security numbers, banking information, and more. Once criminals have access to this information, they can engage in various types of fraudulent activities using your identity. Identity theft can ruin your credit, lead to legal issues, and can be challenging to fight back against.
While these are common scenarios, the damage caused by data breaches can extend beyond these situations. Therefore, it is crucial to investigate whether your data has already been exposed. Tools like “Have I Been Pwned” (https://haveibeenpwned.com/) can help you check if your personal or work accounts have been compromised by existing data breaches.
Of course, the best approach is to prevent becoming a victim of a data breach in the first place. While no security plan is foolproof, there are measures you can take to protect yourself, whether you are an individual or an enterprise.
How to prevent being a Data Breach victim
Data breach prevention should involve everyone at all levels, from end-users to IT personnel and everyone in between. When planning how to prevent data breach attacks or leaks, it is essential to recognize that security is only as strong as the weakest link. Every person interacting with a system can potentially become a vulnerability, even small children with a tablet on your home network.
Here are a few best practices to avoid data breaches:
1. Patch and update software promptly
Regularly update software and apply security patches to address vulnerabilities and protect against known threats.
2. Implement high-grade encryption
Encrypt sensitive data to ensure that even if it is accessed, it remains unreadable and unusable to unauthorized individuals.
3. Upgrade devices
When the software on your devices is no longer supported by the manufacturer, it becomes more vulnerable to security breaches. Upgrade to newer devices with up-to-date software to maintain a higher level of security.
4. Enforce BYOD security policies
If your organization allows employees to use their own devices for work (BYOD), establish strict security policies. Require all devices to use a business-grade VPN service and antivirus protection to protect against potential security risks.
5. Enforce strong credentials and multi-factor authentication
Encourage users to create strong, unique passwords and implement multi-factor authentication wherever possible. Multi-factor authentication adds an extra layer of security by requiring users to provide additional verification, such as a fingerprint or SMS code, to access their accounts.
6. Educate employees on security best practices
Regularly train and educate employees on cybersecurity best practices. Teach them how to identify and avoid phishing emails, suspicious links, and other socially engineered attacks. Encourage the use of password managers to help create and manage strong, unique passwords.