Data Breaches & Separation: How We're All Affected & Connected?
The digital world is constantly making data associations across networks, and it’s quite possible there is not a “lone connection.” The concept is actually based on a scientific principle that assumes the world’s population is interconnected by only 8 or fewer associations of people. This kind of concept applies in a number of different hypothetical situations—including information security. Data breaches have been the hot topic as of late. They’re events that can run rampant across the “dark web,” a kind of black market data realm where security systems and information banks are constantly vulnerable via data linking. True costs are never easy to measure since these breaches can affect businesses and the financial institutions connected with them. Chipotle, Sony, Yahoo, and Wendy’s are a few of the corporations that have been recently hit with malicious attackers out to grab your financial info for whatever intent (never good).
Data Breaches and Associations
Data breaches are not just a matter of your financial security, however. They’re also a matter of whom you’re associated with. It’s entirely possible that a corporation’s security can be breached, but that includes the financial institutions they’re connected to, and all the members of those institutions. It’s a matter of someone getting past several security gates and ending up silently pulling financial records for an entire credit union via data linking—card numbers, passwords, balances, and more. Basically, wherever a magnetic strip can be read, information can be gathered. It’s important to keep security high at all points of data transfer, from point-of-sale to closing the transaction at the last stop. Any time information transfers digitally, it’s a risk.
Know that at Oak Tree we have experts who are on top of the newest technologies to ensure the latest in data integrity and security. Credit unions are a big target for malicious individuals hoping to score the next data breach, and Oak Tree takes the greatest precautions when it comes to handling data of any sort. There are systems that learn as new methods affecting and bypassing security measures.
We stay ahead of the curve to avoid attacks on your information. It doesn't take much to get from friend/relative to YOU! We are connected and can help you stay connected and protected.
Find out how you can ensure you are getting the correct information by stopping by our website or calling us at (800) 537-9598.
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