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8 Companies That Show The Importance Of Having An IT Recovery Plan

Date: December 1, 2017 Author: Stephan Buys Category: Article Comments: 0

SONY. Yahoo!, JP Morgan, AOL. When you see those names you think of some of the largest corporations in the world. Did you know that these companies have also been victim to major cyber attacks?

When running a small business there are only so many preventative measures you can put in place, but with hackers one stroke of the keyboard away you must have an IT recovery plan put in place.

Don't see the importance of one? Take a look at the companies below and see exactly why you need to start one today.

Blue Cross/Blue Shield

CareFirst Blue Cross/Blue Shield is a medical insurance provider that offers services to Virginia, Maryland, and Washington.

The breach led to over 1 million customers having membership information, along with names, birthdays and ID card info available to the hackers.

The hackers were not able to obtain financial information or social security numbers, but with the right information being obtained, there was still a significant risk to those affected.

SONY

One of the multimedia giants in the world had a lot of explaining today after their database was hacked in November of 2014. The group of hackers was able to access employee emails and copies of films set to be released.

They also completely wiped out Sony Pictures infrastructure, resulting in millions of dollars in losses. It is widely believed that the hackers were trying to stop the release of the film "The Interview", which did not depict the leaders of North Korea in a good light.

The results of the hack were felt throughout the company. The movie was only released in a select group of movie theaters, and the CEO of SONY Amy Pascal was forced to resign because of the incident.

Target

In November and December of 2013, the company learned of a breach that affected over 110 million customers. This attack included physical addresses, phone numbers emails, and Target credit card information.

The IT department at Target's main headquarters should have been able to spearhead an attack against the hacking computers once the first few occurrences were reported.

Letting the attacks happen for numerous weeks means there wasn't a direct IT recovery plan in place to completely shut down the infrastructure until the problem was resolved.

The effects of this hack took years for Target and it's customers to overcome. Target lost over $162 million dollars as a result of the breach and had to pay almost $40 million dollars to banks that needed to reimburse Target members who were affected by the attack.

JP Morgan

In the summer of 2014, a major cyberattack on the company devastated millions. Over 76 million customers and 7 million small businesses were breached in the attack. The company reported that users of the JPMorganOnline and Chase websites, as well as users of the Chase and JP Morgan apps were affected.

This included physical names, addresses, emails and phone numbers. However, the company reported that no major financial information was discovered.

Yahoo!

Reported by parent company Verizon in October, arguably one of the biggest breaches in the history of the world wide web saw hackers collect the data and information of anyone with a Yahoo! account.

Over 3 billion customers that used Yahoo mail, Tumblr, Fantasy and Flickr saw their accounts compromised.

Equifax

In May of this year, the national credit reporting company reported that a cybersecurity attack affected roughly 143 million customers.

Hackers were able to access personal information, and over 209,000 customers had their credit card information accessed.

There was also access to over 182,00 copies of disputed documents with personal customer information.

The effects of this major hack not only hurt the stock price and earnings of the company but its reputation as a leader in their industry.

Ashley Madison

The website known for men and women looking to cheat on their significant others saw a major cyber attack in August of 2015. For a website that promotes this type of behavior, there were major concerns about sensitive information being released.

Hackers were able to gain access to email addresses, phone numbers, and transaction information. While many believe some of the phone numbers and email addresses were fake to begin with, the real concerns involve the transaction information.

The information provided for payments included names, addresses, and the last 4 digits of the credit card used. The concern for the company regarded the privacy of their customers being exploited on the internet for their significant others to see.

If the company had an effective IT recovery plan in place the hackers wouldn't have been given a chance to do as much damage to the company's customers.

Home Depot

In August of 2014, the company dealt with a cyber attack that affected 56 million customers. Hackers were able to gain access to credit card accounts and the email addresses of over 53 million customers.

The data was collected over 5 months by a group of hackers that targeted self-checkout lines.

Implementing an IT Recovery Plan

To avoid this happening to your business, the smart thing will be to create an IT recovery plan. This includes having a dedicated hardware room, a backup database of all of your information, and the use of an excellent managed services provider.

Wrapping it up

What are some of the things these companies could have done to avoid the data breach? In instances such as Sony and Target, the data breach was well in place before any actions were taken.

If these major corporations saw the vulnerability in their IT infrastructure, the entire attack may have been avoided altogether.

To learn about how we can help you create a plan and prevent a cyberattack, contact us today!

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