In today’s digital business environment, the need for enhanced cybersecurity is imperative. However, many companies continue to struggle with resilience, often experiencing breaches that lead to everything from compliance issues, to lost and stolen data and, ultimately, to brand damage and revenue loss. And though it is easy to read about these breaches, the causes and potential solutions are rarely identified.
It is for these reasons that Calian has created the Breach Report. Each month, we spotlight a particular type of company, the breach they have experienced, and what they could have done to mitigate risk against the specific type of cyberattack—all to create better insight for the general public and to educate people on proper cybersecurity best practices.
In this month’s report, we spotlight social media giant, Facebook—the world’s most popular social networking platform. In this case, hundreds of millions of user passwords were stored in plain text format and accessible by 20,000+ Facebook employees between 2012 and 2018, subsequently impacting more than 600 million users.