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Massive Data Leaks Keep Happening Because Big Companies Can Afford to Lose Your Data

Posted on November 15, 2018 by Dissent

Erik Sherman reports:

If you live in the United States, there’s almost a 50 percent chance your personal data was lost in the giant Equifax data breach a year ago of 143 million records. Google had its own data breach in October this year that exposed data on as many as 500,000 accounts. Or the most recent Facebook breach of data from 29 million users. Or, over the last five years alone, major breaches at Anthem, eBay, JPMorgan Chase, Home Depot, Yahoo, Target, Adobe … but you get the point. If it’s day that ends in “day,” there must have been another major data breach that keeps criminal hackers gainfully employed by selling your information.

Bad guys keep getting smarter, experts say. Why not corporations? The short answer is, because it’s not worth their trouble.

Read more on Motherboard.

Related posts:

  • Equifax Reaches $1.4 Billion Data Breach Settlement in Consumer Class Action; Also Agrees to Pay $575 Million as Part of Settlement with FTC, CFPB, and States Related to 2017 Data Breach
  • Equifax data breach aftermath: lawsuits and criticism mount, stock prices plummet (Updates)
  • Credit reporting firm Equifax says data breach could potentially affect 143 million US consumers
  • Widespread Employee Access to Sensitive Files Puts Critical Data at Risk – Survey
Category: Business SectorCommentaries and AnalysesOf Note

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