Data Breaches And Managing The Risks

Names, telephone numbers, email addresses and cities where clients were registered were revealed

UniCredit has revealed a data breach resulting in the leak of information belonging to three million customers. The Italian bank and financial services organisation said that a compromised file, generated in 2015, is the source of the security incident.

Names, telephone numbers, email addresses and cities where clients were registered were revealed. While catering to an international client base, each record related to an Italian customer. No financial information or the credentials required to access client accounts were leaked so unauthorised transactions caused by the data leak is slim. Those involved in the breach have lost Personally Identifiable Information (PII) which can be used in social engineering campaigns and potentially contribute to identity theft.

The company has launched an internal investigation into how the breach took place and has informed relevant authorities, including law enforcement. Impacted customers will be informed by post or via online banking. This is not the first time UniCredit has faced a data breach incident. In July 2017, the bank said it had become a victim of data theft due to a third-party provider accessing Italian customer data without consent or authorisation.

Some businesses simply have higher risk due to the nature of their work. Examples include banks, construction businesses, entertainment venues, industries that deal with vulnerable persons and any other business that may attract adverse behaviour from those with opposing ideologies - such as RSL clubs, places of worship and sporting organisations.

Barringtons security risk management and assessment team has decades of experience working with clients of all shapes and sizes across a broad range of industries. Their arsenal of Risk Assessment Management Services includes Cyber Security Risk Assessments and Cyber Penetration Testing and they are able to provide a quick turnaround on any enquires and develop valuable solutions in addition to reporting on any weaknesses in an organisation.

Source:  https://www.zdnet.com/article/unicredit-reveals-data-breach-exposing-3-million-customer-records/

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