In one of the last data breach fines to be handed down in a pre-GDPR Europe, the University of Greenwich has been ordered to pay a £120,000 fine to the Information Commissioner’s Office. The breach in question stemmed from a micro-website set up by students in 2004, and ultimately resulted in the details of 20,000 staff members and students being leaked online.
Almost two years ago, the European Union signed the General Data Protection Regulation (better known as the GDPR) into law, allowing for a 24 month period before the regulation would become binding to allow organisations and businesses time to comply with its requirements. At the time of writing, the GDPR will come into force in just eight days, a thought which may strike fear into the hearts of many business owners who are not going to be fully compliant by the deadline. So what exactly is going to happen, come Friday the 25th of May? We’ve taken the time to compile some information and predictions to help cut through the noise and focus on what’s important.
The GDPR, which replaces the 1995 Data Protection Directive, was adopted on 14th April 2016 and will become enforceable on 25th May 2018.
It seems that everyone in the cyber security sphere is talking about ransomware these days. Last year, attacks such as WannaCry, NotPetya and BadRabbit took the business world by storm, costing billions in damages. Ransomware is by no means a new threat (it has been around since at least 2005), but it is one of the fastest growing and most costly. Cyber crime is constantly changing, and criminals keep creating news ways to steal money. Ransomware has gotten increasingly sophisticated since 2005, but the people using and deploying it haven’t necessarily – now some cyber criminals are making more money selling high-tech ransomware strains to non-technical criminals than if they were to conduct the attacks themselves. The result is that more and more ‘hackers’ have access to ransomware and need very little technical know-how to operate it, leading to more and more ransomware attacks each year. It may come as a surprise, then, to hear that the FBI received less reports of ransomware attacks in 2017 than in 2016 and 2015, despite the increase in attacks.
The FBI reported just 1,783 reports of ransomware attacks in 2017, compared to 2,673 in 2016 and 2,453 in 2015.
It’s been a bad year for Facebook so far. They recently revealed that they may have improperly shared the details of 87 million users with a third-party, the now-infamous political consulting firm Cambridge Analytica. Then, on Wednesday, Mark Zuckerberg himself admitted during a press conference that “malicious actors” may have took advantage of Facebook to obtain the public data of all or most of Facebook’s 2.2 billion strong user base.
Social Engineering is becoming a larger problem for businesses and consumers alike over the past years. So what does it mean if cyber criminals have access to your public data?
An Post has admitted to a data breach which resulted in the data of up to 8,000 customers being provided to a third party without their knowledge or consent. The breach took place between April 2016 and September 2017, and involves the data of customers who used An Post’s online mail redirection service. An Post discovered that it had inadvertently shared these details with a Dublin-based marketing firm, Precision Marketing Information Ltd, who updated users’ details with companies they had previously done business with.