Protecting Information from Breach

Technology is steadily advancing. The advances in technology have allowed companies to develop and expand their brand. Although they can progress many companies still face many problems that they have not yet found an efficient solution. Derek Brink received data from over 17,000 companies in the United States and Canada. He wants to review the company’s portfolios and point out the problems that they are having alike.

Two of the most prominent challenges that companies are facing is related to online security. Technology is advancing, and people have begun using technology to hurt other people. Many manufacturers have trouble maintaining control of their user’s profiles because they have gained too many users due to progressing technology. Also, manufacturers have failed to put proper protection in place for their customers. Companies have had to spend hundreds of thousands of dollars to recover from a data breach. When a company faces a data breach, they have become a victim of someone stealing their client’s confidential information.

Relationships can be ruined after a data breach take place. Clients may start to feel that they are no longer able to trust their partner. They don’t know who did the breach so to assume it was someone outside might be hard for them. Distrust between manufacturer and client can be the complete downfall of a company. Strong, reliable security is not an option for manufacturers they must be able to uphold a high standard of safety for their users.

Many companies have begun using OneLogin to secure their information and their client’s information. OneLogin protects a company’s data without giving them a hard time about their credentials. You have to login in once a day, and you can work freely until the next day. Airbus and many other companies have given up trying to do it on their own to be supported by reliable security. OneLogin removes the risk that many companies face with a data breach. They help companies keep up with their growing set of users rather than being taken under by a broad collection of new users.

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Keeping Private Information Private

Sometimes, hell has no fury like a fired employee. There have been instances where a disgruntled employee who was let go from a job, uses the access they still have on the company’s website or network to do damage. In fact, considering that nearly 58% of ex-employees still have access to their former IT department, it is amazing that more bad things don’t happen. However, according to OneLogin, around a quarter of businesses do experience data breach of some sort, from former employees. Whether it was intentional or not is beside the point. The bottom line is that people should not have access to information that they are not entitled to, whether employed or not.

This is why laws and regulations have been put into place. An example of this is the penalty that was put in place by General Data Protection Regulation or GDPR, by the European Union, to protect employers from stolen data. The fine has been set at 10 million euros or 2% of the companies revenue if they are caught using stolen data provided by a former employee. The law is set to come into effect next year. One of the reasons why this law is being put into place is because of an incident that happened to a company called OFCOM. They hired a person who brought along stolen data, which he got from his former employee, and was caught trying to pass it to his new employers.

The silver lining to all of this is that it does not need to be this way. However, it will take responsibility from the IT and HR department to accomplish anything. There are automated processes available where an employee’s account can be closed within minutes of his termination. This type of lockout capability has been around for some time. Now, companies just need to use it. What needs to be taken away from all this is that former employees rarely have a sense of loyalty towards their former employers. The onus is on the IT and HR department to make sure a former employee does not have access, by taking necessary steps.