Max Vetter | 28 October 2015
TalkTalk hit again with cyber attack
Last week’s cyber attack on TalkTalk underlines the fact that cyber crime is a clear and present danger to all businesses. With potentially millions of customers affected, TalkTalk said compromised data may include names, addresses, email addresses, and even credit card details.
But TalkTalk is not the first company that has been affected by cyber crime. Companies such as Sony, Ashley Madison and Adobe have all fallen victim in recent times.
Regardless of size, industry or geography cyber crime knows no boundaries. When it comes to mitigating the risk of a cyber attack, organisations should take the following approach – detect, defer, defend.
A key element of this preparation is ensuring that employees have a good understanding of the threat landscape together with the steps they can take to help keep these increasingly sophisticated and determined cyber criminals at bay.
For TalkTalk, the third cyber attack in the last year is not only embarrassing but could seriously affect consumer confidence in the TalkTalk brand and service. In addition, TalkTalk could face huge data breach compensation costs. Only last month did we hear in the news that Sony pictures had to pay $8m in compensation to former employees affected by data leaks that followed a cyber attack on the company in 2014.
Cyber security breaches are a costly business, both in terms of reputation and compensation. News of the latest cyber attack should be a warning to all companies who store personal data. Protecting it should be a top priority for any business.