As I read another article on a recent data breach, it's alarming how cyberattacks such as this are becoming more frequent. Cyberattacks are one of the most challenging issues facing organisations globally today - should be a top board concern.
In this instance the data breach was handled quickly by Timehop who put measures in place to communicate the issue and comply with GDPR. Solutions such as user and entity behaviour analytics (UEBA), can enable organisations to monitor user activity on their network and are key to helping organisations prevent a compromise becoming a wide-scale data breach.
Social media aggregation app Timehop has admitted it is at the centre of a large data breach after it reported that the data from 21 million users had been stolen on 4 July. “Timehop allows individuals to remember the good times and, hopefully, the way it has reacted to this breach will help mitigate any bad memories created as a result. Compromised accounts remain a very real issue, with many businesses seemingly unable to tell when unauthorised individuals are using authorised credentials to access networks," said Ross Brewer, VP and MD EMEA at LogRhythm.