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Account takeover is one form of identity theft. Data breaches allow threat actors to steal credentials and then take over accounts for monetary gain. This creates a problem for businesses as well as consumers. SpyCloud offers protection by preventing account takeovers. They essentially do this through monitoring login credentials and alerting account holders when their credentials are breached.
The security leaders in organizations are the ones who deal with cyber attacks. They develop and implement controls, processes, and policies to make sure that hackers won’t access any sensitive information. They also keep cyber security programs effective and consistent all year round.
Now that computers have been part of our daily lives for a couple of decades, it’s easy to take for granted that they work just the way we want them to every minute of every day. Lightning-fast processors, broadband connections, streaming video, and real-time video capabilities make us want it all, want it fast, and want it now. That’s what makes things so exasperating when our computers slow down. They slow down our productivity at work. They limit our entertainment options. They frustrate us when we try to catch up with family and friends.
It’s easy to assume that adults are the only people affected by data breaches. After all, these breaches typically expose credit card information, social security numbers, and other details used for identity theft. Anyone under 18 does not seem like a valuable target. In reality, however, children are specifically targeted by hackers. A report published by Javelin Strategy & Research showed that over a million children had their identity stolen in 2017.
There’s a serious problem that’s growing with the shifting trends of business today, and it’s an elephant in every room that every bottom-rung entrepreneur and CEO alike wants to ignore. The problem is that businesses are becoming increasingly reliant upon third-party services to carry out their work and secure quality assurance metrics. These metrics must be met for a host of revenue- and legal-driven reasons that can lead to insurance cuts, lost business and other serious problems down the road, so of course it’s important for every manufacturer to enlist vendors for every task that the manufacturer itself isn’t equipped to handle on its own.
The rapid growth in the ecommerce industry, in many ways, is also a result of the level of confidence that people have in the online payment mechanisms. Ecommerce websites that are able to showcase their use of the best in class security features, in terms of payment processing, as well as customer data privacy, are on track for success at a scale.
