Friday, October 23, 2015

3rd-time is a charm – but not for security breaches

TalkTalk (phone and broadband provider) has suffered another security breach yet details and notification seem to be lagging behind.  First in February, scammers stole thousands of account numbers and names from company computers and then, in August, the company mobile sales website was hit with a cyber attack that exposed personal data.  Now, a criminal investigation has been launch due to “potentially” all customer personal data exposed (names, DOB, addresses and credit card / bank data) from a company website that did not have encryption.  Some systems were brought down yesterday for precaution / remedy and within hours the stock dropped approx. 10% as a result. Perhaps another topics to content with is the mass exodus of customers…and based on the last several months, TalkTalk is the only big provider, others being BT, Virgin Media and Sky, that show negative sales share growth.
The first scuttlebutt about cause relates to DDoS attack and appeared to be from a cyber-jihadi group…according to the BBC. Let's check back in a couple months

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