In recent weeks, the largest bank in the United States, JP Morgan Chase & Co., has fallen victim to cybercriminals.
Last Thursday, JP Morgan unveiled that hackers obtained stolen information from their customers. This included personal information such as names, addresses, phone numbers, and e-mail addresses from over 76 million households and 7 million small businesses.
One would think.
According to a recent article from The Washington Post “Data breach fatigue follows two cyber intrusions”, author Sarah Halzack shares insight on how consumers are not as worried about data breaches as they should be. There is a constant increase of consumers ignoring notifications of a potential data theft crisis. In addition, the majority of these consumers did not stop doing business with companies that have been hit by cybercriminals.
Consumers need to over come this breach fatigue, and here’s why:
With 579 data breaches just this year, cybercriminals are on the rise. With crucial information such a passwords or credit cards numbers, cybercriminals may have direct access to one’s financial accounts. Although this is not the case for JP Morgan, an identify theft can lead to many more opportunities for attack. According to “Your JPMorgan account got hacked. Now what?”, author Danielle Douglas-Gabriel shares her concerns that although the JPMorgan hackers do not posses any “critical” information from its users (i.e. passwords, user ID’s or credit card numbers), consumers still need to be aware. All a hacker needs is a user’s email account to gain access to so much more. By simply having access to one’s email, a hacker can create authentic looking emails from banks asking for more critical customer information. And in the blink of an eye, your identity is stolen.
So, are you protected?
As the age of Internet and mobile devices is upon us, one needs to be proactive in securing their identity. There are many different types of breaches and many different solutions that help protect against those breaches.
One way to protect yourself from phishing emails is to never share sensitive data throughout the cyber world. For more great tips on preventing phishing scams, check out Lisa Eadicicco’s article on avoiding phishing scams, “How to Avoid Phishing : 8 Tips to Protecting Your Digital Identity.”
Another way to prevent a possible cybercriminal attack is by using a 2-factor authentication solution. By applying an additional level of security, it ensures an additional level of protection. More than merely a password is necessary to gain access to one’s account.
So, as we inch closer and closer to a completely virtual world, consumers need to be aware of breach fatigue, the consequences it has in store, and how to overcome it.