How would you feel if your best friend had known for two years that your significant other was cheating on you and never told you? Mad? Angry? Betrayed? Vulnerable? In today’s world, this feeling can be akin to a company knowing that its users’ most personal data, like credit card information or passwords, have been readily available to hackers on the web for not just hours or days, but YEARS – and you’re just finding out about it now.
Unfortunately, that’s exactly what happened with Yahoo. In 2014, hackers breached the personal data of over 500 million users who are just now learning the extent of the company’s “infidelity.” What’s more, recent data breaches combined with increasing use of new mobile payment solutions make it easier for thieves to obtain and use stolen data, leaving merchants and consumers extremely vulnerable to fraud.
But Yahoo isn’t the only “bad boy” of the bunch; hacks at LinkedIn and Myspace were recently announced to the public years after they actually occurred. When it comes to announcing a breach to the public, does “once a cheater, always a cheater” ring true?Read More