Inside TDV - The Data Vault Blog
Another Week, Another Data Breach
It seems like they’re happening all the time, doesn’t it?
This week’s “oops” moment belongs to Bitly, a URL shortening service that even we here at The Data Vault use. Some people might think this a trivial issue considering the non-essential services that the company provides, but it’s no laughing matter. Even though many of their products are free to use, almost all of them have paid components with thousands of customers nationwide – leading to potentially compromised financial data. Thankfully a vigilant team at the company quickly caught onto the unauthorized access and enabled heavy encryption to combat it, leading to no known compromised accounts; but the fact that malicious access was gained into their system is enough to give one pause in itself.
Overall, the number and cost of these breaches are rising nationwide. Each lost record can cost a company $145 and the average breach in the United States costs a company $3.5 million, up 15% over the average for 2012. Additionally, many of these breaches occur not necessarily in-house, but as part of an offsite service provider’s operations – questioning the qualifications of these vendors and the level of security they provide.
Here at The Data Vault, we’ve gone to great lengths to guarantee the security of our customer’s information, both digitally and physically. By applying the same standards of excellence to all of our handling practices, we are a certified PRISM Privacy+ facility and a registered member of NAID (National Association for Information Destruction), guaranteeing that we are vigilant against outside threats to your information. If you’re interested in learning more, please feel free to give us a call at (502) 244 – 1151 and we can discuss your options!