But any data breach can leave you at risk of identity theft if the hackers want to use that information against you. Its hard to forget the far-reaching Equifax blunder that exposed Social Security numbers, birth dates, home addresses, tax ID numbers, and drivers license information of potentially 148 million people.

How Bad Can data breaches be?

Data breaches hurt both individuals and organizations by compromising sensitive information. For the individual who is a victim of stolen data, this can often lead to headaches: changing passwords frequently, enacting credit freezes or identity monitoring, and so on.

What can we learn from data breach?

Heres six lessons weve learned from recent data breaches that you can use to protect your business:Take the Lead from the Top. Train Your Workforce. Manage Your IoT Devices. Have a Disaster Recovery Plan. Understand That Cybersecurity Is an Ongoing Process. Invest in Your Cybersecurity.30 Sep 2020

How is a data breach detected?

Its a simple two-step process to put a Data Breach Internal Discovery plan together. Identify data of value – the easy part is identifying those data sets that are part of a business process. The hard part is the presence of any extraneous copies of that data. But you need to find them all.

Can you sue for a data breach?

If your company has a data breach on your network, your client may sue you if it causes harm to their business. And if your client suffers a data breach on their network, they may also hold you accountable.

What should I do if I identify a data breach?

You must report a notifiable breach to the ICO without undue delay, but not later than 72 hours after becoming aware of it. If you take longer than this, you must give reasons for the delay.