By Riaan Bekker, Force Solutions Manager, thryve
The recent data breach experienced by Liberty is very telling. Over 40 terabytes – the equivalent of 20 modern portable hard drives – was copied from the financial provider’s systems. These details are important for two reasons:
Liberty is a financial provider and thus subject to specific security-related regulations. It is very unlikely, given the trends in the sector, that Liberty failed to implement or comply with these.
The amount of data copied could not have happened quickly and should have been detected. This suggests either a gross failure of security monitoring or a well-planned intrusion that took place over a long period of time. Let’s give Liberty the benefit of the doubt and assume the latter.
We can deduce from this that Liberty was not caught unprepared, yet it was nonetheless breached and data was stolen. If you are still of the opinion that this couldn’t possibly happen to your business, you are in worse shape than you can imagine. Even the best-prepared companies can…
