Hacks and breaches of IT systems in companies of various sizes have been increasing in prevalence over the last few years. With so much negative press, so many people being affected, and lives being destroyed, you’d think that more effort would be put into making sure hacks like these don’t happen. It turns out there’s pretty good reason why it doesn’t seem much is being done about them, but that doesn’t mean things shouldn’t change. With the cost of preventing a breach being higher than the cost of the breach itself, there’s currently little reason from a company’s standpoint to make any changes to their cybersecurity.
While not the worst, Twitter is not the most innocent, either.
Big brother is watching you. This scary motto of George Orwell’s novel still disturbs the minds of our contemporaries, although it’s been almost 70 years since the book was published. And there’s a good reason behind the strong emotions caused by the story as nowadays it’s as close as ever to the reality and your favorite social media has made a huge contribution to that.
Facebook knows everything about you
Unlike Orwell’s vision, the reality proved to be much simpler. There are no cameras installed in every corner to spy on you. In the era of total globalization and tons of convenient services available on the web, we provide these services with our private information ourselves.
Hacks seem to be showing up in the news right and left. A hack is an intentional attack on a system to get access to private information that the attackers are not supposed to have access to. They can be carried out by a single person or a group of people. Some hacks require skill, and some not so much. The best route of action for cyber-attackers, though, is looking for weaknesses in systems so they can be exploited—a weakness resulting from human negligence. It’s information that is left unsecured enabling third parties to see it if they wanted to. What kind of data a hacker wants and what he or she wants to do with it will generally define who their lucky victim is going to be.
The European General Data Protection Regulation (GDPR) came into effect from 25 May 2018. This regulation brings with it a new set of challenges for blockchain companies. Think of it this way - GDPR is like an iceberg floating in the sea.