Deloitte, a large accounting, tax work, audits, and other types of consulting service, was breached in October or November 2016. It wasn’t discovered by Deloitte until March, however. According to many sources, six clients have been “impacted.” Further investigation is continuing, but a source with knowledge of the breach says the damage may be worse than Deloitte has initially led on.
Attackers gained access to extensive control and sensitive data through an administrator account of the email service. The account was not protected by two-factor authentication but rather a single password. Deloitte had $37 billion in revenue in 2016. Therefore, the breached contents are extremely valuable. A source indicates that the attack exposed IP addresses, health data, usernames, passwords, emails and other sensitive file attachments.
In addition, the food industry has been under attack by hackers. Sonic and Whole Foods are the most recent victims. The fast food chain Sonic Drive-In and Whole Food’s payment systems were attacked in mid-September, which held credit and debit card numbers. Sources say new card numbers started flooding digital black markets near the same time as the breaches. Neither company has announced the damages yet.
Should companies be held accountable for privacy breaches?
https://www.wired.com/story/security-news-of-the-week-deloitte-sonic-whole-foods-breach/
Companies should definitely be held accountable for privacy breaches. They should receive harsher penalties if it is discovered that they have not taken certain basic security procedures. There's no excuse to not have two factor authentication on an account, especially for a company as big as Deloitte. It is a simple thing to set up and makes data breaches much harder to do.
ReplyDeleteHi Jake,
ReplyDeleteInteresting topic. I believe companies should be held accountable for privacy breeches because if they hold customer information then it is their responsibility to keep it safe. By making data safer through certain authentication systems, they are more likely to keep positive relationships with their customers and not lose business in the future. Privacy breeches have caused incredible damage to company brands, and specifically to customer loyalty. What ways do you think companies ought to combat privacy breeches? Good job!
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