If the data is in the hands of traditional cyber criminals, the 18-month window of protection may not be enough to protect workers from harm down the line. “The data is sold off, and it could be a while before it’s used,” said Michael Sussmann, a partner in the privacy and data security practice at law firm Perkins Coie. “There’s often a very big delay before having a loss.”
There seems to be a surge in data security attacks lately. First came news of the Target attack. Then Neiman Marcus. Then the U.S Courts. Then Michael’s. Here are four points to consider about data security:
1. Beware of fraudsters engaging in post-breach fraud.
After the Target breach, fraudsters sent out fake emails purporting to be from Target about the breach and trying to trick people into providing personal data. It can be hard to distinguish the real email from an organization having a data breach from a fake one by fraudsters. People are more likely to fall prey to a phishing scheme because they are anxious and want to take steps to protect themselves. Post-breach trickery is now a growing technique of fraudsters, and people must be educated about it and be on guard.