This is perhaps the 'worst case scenario' outcome from an information leak: 'irreversible damage' that ultimately leads to the organisation closing its doors.
Everyone wants to avoid being the next victim of such an attack, of course, and while we can't pick who chooses to attack our company, we can be better prepared.
We can determine where our most critical data is held, who has access to it, and model the potential threats to that data. Having done those things, monitoring and response are key activities to safeguard data.
It's a cliche, but nonetheless true: security is a journey not a destination.
Constant vigilance is needed to keep both intellectual property and customer data safe.
This is where we need to make best use of technology to help us achieve our goals. The technology itself is not the silver bullet.
But technology can help us by automating the tasks that take humans time. And the ones that humans typically grow tired of doing.
The Panamanian law firm at the centre of a major data breach two years ago is to shut its doors. Mossack Fonseca suffered a hack with 11.5 million documents leaked to the press exposing the firm's wealthy clients. The firm will close down this month. It said the closure was the result of “irreversible damage” from the April 2016 information leak.