Whether you are online purchasing tickets for a high profile event or using a familiar mobile application of your favorite food vendor, cyberbreaches are hitting closer to home and are becoming a commonplace occurrence.
Businesses, especially those who interface with consumers and other third parties, should be keeping a watchful eye on these global security breach headlines so to better understand and remediate their vulnerabilities. Today, the threats are real and they are mounting.
The incident was said to be discovered by Ticketmaster on June 23rd, but a pattern of fraudulent paycard activity was noticed as early as April 6th by UK digital bank Monzo. On April 12th, Monzo notified Ticketmaster that the origin of the cyberbreach came from their website.
GDPR (General Data Protection Regulation) is a great start at establishing standards for how businesses react and report malicious activities, but we can not become complacent. Remediation and reporting are not enough to stop these threat actors. While no amount of awareness, preparedness, and vigilance will keep your data absolutely secure, they are the keys to mitigating damages. Staying current with government policy changes, trending cyber breach news, technology advancements, and training will be doing right by your data and your clients.