One of the major avenues of risk is through social engineering, targeting executives. Compromised executives give cyber criminals leverage when negotiating a blackmail scenario or extortion. Additionally, corporate executives are high-value targets for cyber criminals because they have access to sensitive data and can authorize financial transactions. Many of these executives and their support staff fall victim of social engineering due to the authenticity of crafted attacks, utilizing true information about the executives discovered through a data broker site.
Taking a reactive stance can prove to be too late, as cyber threats can cause significant damage in a very short amount of time. For example, a data breach can result in a loss of intellectual property, damage to reputation, and financial losses. By taking proactive measures to mitigate risks, security leaders can reduce the likelihood of a breach occurring in the first place.
Being Proactive Against Social Engineering
One of the major avenues of risk is through social engineering, targeting executives. Compromised executives give cyber criminals leverage when negotiating a blackmail scenario or extortion. Additionally, corporate executives are high-value targets for cyber criminals because they have access to sensitive data and can authorize financial transactions. Many of these executives and their support staff fall victim of social engineering due to the authenticity of crafted attacks, utilizing true information about the executives discovered through a data broker site.
When Personally Identifiable Information (PII) is readily available on data broker sites, cyber criminals use this information to launch social engineering attacks, which results in identity theft and reputational damage. By removing PII from data broker sites, security leaders can greatly reduce the likelihood of these attacks occurring.
360 Privacy provides the easiest-to-use and most comprehensive solution for PII exposure. Data brokers, dark web monitoring, social media, real estate, public records, and more are all included in our solutions. Over four-hundred data broker sites are monitored, adding a significant capability to your proactive security measures, and decreasing the risk of executives being targeted.
The Impact of Successful Attacks
Successful attacks have a severe impact on individuals, causing financial damage, significant reputational harm, mental health concerns and even decreased performance. Moreover, when a company is responsible for a data breach, the reputational damage can be severe and long-lasting. By taking proactive measures to remove PII from data broker sites, companies can avoid the negative impacts of a data breach and demonstrate their commitment to protecting their customers' data.
The Costs of Proactive vs Reactive
Additionally, it is more fiscally responsible to stay ahead of the threats and do something now. The cost of a data breach can be significant, with direct and indirect costs such as legal fees, regulatory fines, and reputational damage. By investing in proactive security measures such as an exposure assessment, security leaders can identify potential vulnerabilities and address them before they are exploited by cyber criminals - saving the company significant amounts of money in the long run.
Proactive security measures and extending beyond the corporate firewalls and network security are crucial in today's cybersecurity landscape. By taking a proactive approach to risk mitigation, security leaders can reduce the likelihood of a breach occurring and save the company significant amounts of money in the long run. removing PII from data broker sites is a proactive security measure that can greatly reduce the likelihood of social engineering attacks, identity theft, and reputational damage.
Digital Executive Protection
To learn more about how 360 Privacy's proactive Digital Executive Protection, book a demo with us