Mobile Company Faces Renewed Scrutiny Over 2021 Case

A telecommunications company is currently having problems caused by the data breach that occurred in 2021. A recent lawsuit repeats some well-recognized issues concerning the company’s security policies. This is a classic example why providers of managed IT services say that a breach can haunt your company even after years after it happened. 

Managed IT Service Long Term Effect of Data Breach

Managed IT Service Long Term Effect of Data Breach

The Data Breach in Context 

The telecommunications company’s major data leakage incident of the year was in 2021. This affected about 79 million individuals. As a result, everything from the name and address to social security numbers and even driver’s license numbers were taken. As expected, these details attract various hackers and endanger the compromised individuals to identity theft, among other things. 

How Cybercriminals Exploit Stolen Data 

In the criminal black market, cybercriminals also trade illegally obtained information. Once sold, managed IT services providers explain that this information can then be used to open accounts in the customers’ names. Similarly, it can be used to take up loans and even impersonate the victims on the Internet. Whichever way it goes, the effects are disastrous for individuals and companies. Further stressing the importance of strengthening cybersecurity.  

The Scope of Impact on Individuals and Businesses 

This breach did not just affect individuals. Businesspeople who subscribed to the telecommunications company also lost opportunities because of the inadequacy on the part of the mobile company. Analyzing the impact to the business accounts, managed IT services providers show that breaches often have a snowballing effect on company operations.  

Legal Action in Washington State managed IT services

Because of this large-scale effect, Washington State has ruled that the telecommunications company was negligent about cybersecurity problems that led to the breach. With over two million people living in the state affected, the lawsuit claims telecommunications company was negligent in its responsibility to shield its customers’ information. 

Company’s Previous Settlements 

The telecommunications company has already been fined heavily for the breach. In the same year, it paid $350 million to resolve a class-action case. A further $15.75 million was also levied on charges of aggravated security breaches. Nevertheless, all such steps have problems still unsolved. 

Lessons Learned from Security Challenges 

The consequences of this breach are a good precautionary lesson for businesses on the importance of cyber security. What is yet different from the old notion of security is that it is not just about responding to events but mitigating them. Any organization, including a large telecommunications company such as the telecommunications company, has a lot that it can learn from this mistake through improving the firm’s security and preventing such incidents from occurring in the future. 

Managed IT Services Can Help Prevent Breaches 

That is why there is a need to ensure that there is a good cybersecurity system in place. Such risks can be avoided by employing reliable providers or managed IT services with highly skilled cybersecurity professionals. These companies don’t just offer identification and detection of threats, they also assist with neutralizing it. Furthermore, business continuity and disaster recovery strategies are added for stronger cybersecurity posture. Plus, system maintenance and updates are frequent activities in your company network. 

Investing in Managed IT Services 

Managed IT services are one of the significant assets for any organization interested in boosting its cybersecurity. Not only does it prevent possible breaches but also provides a data management system in case of penetration. And it is one the compliance requirements of the law to avoid penalties besides ensuring customer confidence. Moreover, reputational damage stemming from a breach can persist longer than the attack itself.   

Here at EB Solution, we have comprehensive IT and cybersecurity solutions for your company. Schedule your consultation with us today and let us get started in your company’s custom IT and cybersecurity strategy.  

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