Citibank Archives - John Sileo, Cyber Security Training

Posts tagged "Citibank"

Data Breach Expert Sileo Talks to Fox Business

Victim of a Cyber Attack? What You Should Tell Customers

By Donna Fuscaldo, Fox Business

It seems like every day consumers are learning of data breeches from companies like Sega, Sony and Google. Major corporations like these tend to have the funds and resources to recover from an attack, but for small businesses, that’s often not the case.

A slow response and lack of communication with customers are among the missteps many small businesses make when facing an attack, both of which can cause irreparable damage to the business.

“When consumers are a victim of ID fraud based on interaction with a small business, 1 in 3 never come back,” said Phil Blank, senior analyst for security and fraud at Javelin Strategy & Research.

Citigroup Data Breach – How it Affects Your Wallet

This week’s news of the theft of private data comes from Citigroup. Seems that even the most reputable organizations can be exposed to the ever-more frequent data breaches we read about. You’ll likely recall the recent news of Sony, PBS, Epsilon and Lockheed Martin. Regrettably, the list is growing by the day. It affects me, and likely, it affects you. Now what?

First, arm yourself with the facts. See the attached articles.

http://blogs.wsj.com/deals/2011/06/09/citigroup-data-breach-4-tips-to-protect-yourself/
http://www.reuters.com/article/2011/06/09/us-citi-idUSTRE7580TM20110609
http://www.informationweek.com/news/181502068

Second, remember to protect your most important data (this information, on its own, or in any combination, is a jackpot to an identity thief):

Social Security number
Date of birth
PIN
Credit Card numbers
Bank Account numbers
Birthdate

Third, never reply to an e-mail requesting personal information. Unless you originate the communication, suspect the worst and do not respond. This is referred to as “Phishing” and the results are never good.