Global Banking and Finance Review: Why open databases are easy pickings for cyber criminals

Global Banking and Finance Review: Why open databases are easy pickings for cyber criminals. “Some of the largest breaches in recent times have stemmed from unsecured public databases. In June it was discovered that a database of 815 million records was left unprotected by web hosting company DreamHost. Last year, BlueKai, a data analysis platform owned by Oracle was found to have left potentially billions of records exposed through an unsecured server. Such breaches can be cripplingly expensive for the data holder. The average cost of a breach involving 40-50 million records was estimated to be $364 million in 2020, an increase of $19m from the year before. The average cost in 2020 jumped to $388 million for incidents involving more than 50 million records.”

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