The security and protection of personal data has moved to priority number one for organizations around the world, driven in large part by established (i.e., GDPR, California’s Consumer Privacy Act, etc.) and anticipated new regulations, where the legal and financial penalties attached to non-compliance are dire. In addition, personal data has become the lifeblood of most sales and marketing organizations where traditional methodologies and technologies are being augmented with Artificial Intelligence and Machine Learning to enhance strategic planning, enable more agile execution, and drive competitive advantage.
When it comes to data breaches, 2018 was neither the best of times nor the worst of times. It was more a sign of the times.
Billions of people were affected by data breaches and cyberattacks in 2018 – 765 million in the months of April, May and June alone – with losses surpassing tens of millions of dollars, according to global digital security firm Positive Technologies.
Federal prosecutors from the US Justice Department and the Criminal Investigation Division of the EPA have charged Seattle-based electronics recycler Total Reclaim with conspiracy to commit wire fraud for falsely claiming to their many customers-including the City of Seattle, University of Washington, and a consortium of electronics manufacturers-that they never exported hazardous electronic waste to developing countries. For their fraud, practiced for many years, they are expected to plead guilty on Friday and will be sentenced in February.
“There is one and only one social responsibility of business,” noted famed economist Milton Friedman in 1962: “to increase its profits."
But, was Friedman right?
Not to most U.S. adults.
Americans believe that companies should have a mission that goes beyond the money—one that has a positive impact on world hunger, job creation and education, according to the latest Harris Poll data.
As Robert Reed examines a mountain of trash piled three storeys high, a thin white plastic bag catches his eye. He fishes it out and holds it up. “That is a problem plastic,” he says gravely. “These get stuck in the machines, and there is no market for them.” He gives it a little wave and lets it float back down on to the heap.
Since 2008, Samsung has been a strong supporter of recycling by providing convenient and responsible takeback options for consumer electronics globally. In a new initiative with our partner – Basel Action Network (BAN), we are adopting BAN’s EarthEyeTM service – a global GPS based tracking system for electronic waste.
According to HIPPAJournal.com, there were 2,181 healthcare data breaches between 2009 and 2017 that each involved at least 500 records. Those breaches resulted in the theft or exposure of more than 176 million healthcare records, which is roughly half the entire American population.
Worldwide spending on information security products and services will reach over US$114 billion in 2018, an increase of 12.4 percent from last year, according to recent forecasts from Gartner, a market researcher.
Is your organization prepared?
Although no data breach is alike, there are a number of similarities among the factors that can affect the ultimate cost to your company. The Ponemon Institute's Cost of a Data Breach study examines how data breaches impact businesses and explores ways to reduce the cost, should one strike.
In the second quarter of 2018, 3.15 million patient records were compromised in 142 healthcare data breaches, according to the Protenus Breach Barometer.
When Natalie Hall, a 15 year old from Bowmanville, Ontario, Canada, traded her broken iPhone into a recycling kiosk for $11, she didn't expect she'd ever see it again. Then, she started receiving screenshots of her personal photos on her "recycled phone" from a man in Dubai, reported the CBC News Service. He also accessed her private Instagram account and sent her direct messages.
The annual Ponemon studyon data breach trends demonstrates a continued increase in the cost and frequency of data breach incidents worldwide. While about 48% of data loss is a result of a malicious or criminal attacks, 27% of breaches are caused by negligent acts from employees or contractors.This carelessness often stems from mismanaged processes for controlling data destruction.
GPS trackers used in a United Nations-funded study showed Australian e-scrap was exported to Hong Kong, according to the Basel Action Network.
The watchdog group issued a press release Aug. 8 on the results of a one-year scrap tracking effort funded by a grant from the United Nations Regional Enforcement Network on Chemicals and Waste.
NEW YORK -- (BUSINESS WIRE) -- Citing the recently released 2018 Thales Data Threat Report, which revealed data breach numbers are at an all-time high, John Shegerian, Co-Founder and Executive Chairman of ERI, the nation’s leading recycler of electronic waste and the world's largest cybersecurity-focused hardware destruction company, has claimed that individuals, businesses and even our national security is at an escalated level of risk. To combat that risk, Shegerian said, it has become urgently important to account for data on discarded hardware as well as cyberspace data protections.
I am heartened by the private sector's commitment to protecting the environment through the expansion of the REcycling Nation's Electronic Waste (Renew) programme, allowing consumers to easily recycle their e-waste (Four retailers hop on board e-waste recycling scheme; June 6).
Organizations constantly replace outdated computers, servers, laptops, copiers, and countless other types of electronic devices to keep up with technology and enhance worker productivity. This rush to upgrade, however, creates a challenge: large numbers of excess electronics must be managed and disposed of properly.