Hundreds of data breaches are taking place on a daily basis. Hackers are devising new strategies to break into your defenses and cause you serious damages. Because of the vital importance of data and information, counter strategies have been made to protect the data.
We install data security software programs and applications on our PCs to protect us from these costly breaches, but almost 80% of breaches remain undetected before their occurrence. Antivirus, firewalls, windows defenders and other systems stood guard against these threats, but all became vulnerable to these dangers. However, Software Intelligence Event Management (SIEM) provides better security by applying advanced security measures.
Different SIEM systems offer different service capabilities. A SIEM system can analyze millions of events per second. We can protect our data by using SIEM as a service.
Here are the disastrous data breaches that took place in the recent years
Yahoo was once a technology giant. In 2016, when Yahoo was negotiating with Verizon for selling its business, it announced the largest data breach of its history. It was reported that the breach compromised the data of more than 500 million users. The hackers had stolen the names, email addresses, phone numbers and other personal information.
Yahoo recently revised the estimate of loss and stated that the data of 3 billion users was compromised. Verizon bought the company for $4.48 billion, which was then worth more than $100 billion. The amount of loss inflicted by the data breach becomes approximately $95 billion.
eBay is one of the biggest online auction stores. In 2014, hackers broke into its system and stole the data of all 145 million users. The data involved names, passwords and email addresses.
The hackers entered the system by using the credentials of a few of its corporate employees. They remained in the system for 229 days and reached the database to steal all the information.
The company observed a decline in user activity after this breach. It is recommended to approach a competent information security consultant to avoid such losses.
One of the largest financial organizations dealing with credit cards has been recently hit by a cyber-attack, which resulted in the loss of personal information of more than 143 million users. The data involved social security numbers, names, passwords and other personal information. The credit card data of 2,090,000 consumers was also compromised in this attack.
The company was of the view that the breach took place because of an application vulnerability on one of their websites.