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This portrays a grim picture for ecommerce businesses — filled with databreaches and irate customers. Again, if you don’t secure your clients’ data, you can end up losing their trust, income, and maybe have your brand tarnished. . Again, make a trial payment to see what data you have access to.
Hostinger disclosed a databreach that affects 14 Million customers. Binance says that leaked KYC Data are from third-party vendor. Imperva dataBreach: WAF customers data exposed. Magecart hackers compromise another 80 eCommerce sites. FIN6 recently expanded operations to target eCommerce sites.
These infections make sites vulnerable to takeovers, defacement and databreaches from bad actors looking to tarnish site reputations and turn a profit – and the costs can be devastating for businesses. In fact, the average databreach now costs businesses $1.9 Prepare for disaster recovery with Website Backup.
According to research conducted by IBM, the average cost to companies of a databreach in 2022 is US$ 4.35 Furthermore, serial civil actions by individuals whose data has been compromised by a databreach are increasing exponentially also in Europe, backed up by law firms with success fee arrangements in place.
With cyberattacks and databreaches on the rise, it's become especially important for brands to ensure their assets are sufficiently safeguarded, particularly as more of their infrastructure migrates to support remote systems to cloud-based platforms and their services become more reliant on the internet.
Sensitive data exposure is an all too common cyberthreat that endangers businesses and their customers, as well as websites and their visitors. billion records containing personal data were compromised as a result of databreaches. Sensitive data exposure can be financially devastating to a website. In 2016, 4.8
As you can see in the chart below from Statista, databreaches rose more than tenfold between 2005 and 2017. Even without direct database access, the attacker would at least have access to most of the valuable data stored in the database. Brute force attacks are similar to privilege escalation in results. SSL Certificates.
data-in-use encryption, is changing the data protection landscape and could spark a cybersecurity movement that dwarfs tokenization in both usage and magnitude of impact. Tokenization was invented a little over twenty years ago in 2001 to address the risk of losing cardholder data from eCommerce platforms.
Backup Your Data: Data loss can be catastrophic for any business, especially an online business. A strong backup strategy is key to disaster recovery and business continuity. Test your backups regularly to ensure their integrity and that they are available in the event of a databreach or data loss.
Examples of this include keeping software up to date, backing up data, and maintaining good password practices. At the end of the day, lack of education and human error are two of the largest contributors to databreaches. Our first party data shows that ATO has increased 55% year-over-year! How can that be?
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