How does a data breach affect me?

Breach impacts 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.

How many people did the Facebook data breach affect?

After Data Breach Exposes 530 Million, Facebook Says It Will Not Notify Users. The leaked data includes personal information from 533 million Facebook users in106 countries.

What happened with the Facebook data breach?

Malicious actors exploited a weakness in the feature to gain access to user ID, address, phone number, email address, names of workplaces, date of birth, date of account creation, and other personal identifiable information. They then leaked this data in the dark web.

What is the negative effects of data breach in an organization?

The long-term consequences: Loss of trust and diminished reputation. Perhaps the biggest long-term consequence of a data breach is the loss of customer trust. Your customers share their sensitive information with businesses like yours assuming that you’ll have the proper security measures in place to protect their data …

What happens if personal data is leaked?

Depending on the type of data involved, the consequences can include destruction or corruption of databases, the leaking of confidential information, the theft of intellectual property and regulatory requirements to notify and possibly compensate those affected.

Does Facebook steal your data?

#1 – Facebook Could Mine User Data without User Authorization. Many of the estimated 87 million users that had their information sold to Cambridge Analytica never downloaded the “thisisyourdigitallife” application and never authorized the information to be used in any way.

How much money has Facebook lost 2021?

On Monday, October 4, 2021, Mark Zuckerberg lost $7 billion, bringing down his worth to $120 . 9 billion. The stock slide also pushed the Facebook CEO to fifth place on the Bloomberg Billionaires Index, securing a position below Bill Gates.

How data breaches affect small businesses?

40\% of small businesses experienced eight or more hours of downtime due to a cyber breach. This downtime accounts for an average of $1.56 million in losses. Cyber attacks are projected to cause $6 trillion in damages by 2021.

What are the consequences of data loss?

Data loss also sets back productivity timelines and can cause you to lose customers if it is accompanied by security breaches. When sensitive data is stolen or compromised, your company must disclose this to clients, causing you to lose their trust and respect.