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Biggest Hacks of 2020 and What They Tell Us

General Interest

Biggest Hacks of 2020 and What They Tell Us

As a business owner, it is absolutely imperative that you have the best cybersecurity solutions in place to protect your business’, customers’, and suppliers’ data. Unfortunately, some businesses fail to notice the subtle loopholes in their business’ current cybersecurity infrastructure, and this can put them at risk of suffering a hack. Today, we’ll be looking at the biggest hacks of 2020 and what they tell us about improving our own business network security and server safety!

Why Businesses Get Hacked

2020 was a challenging year for everyone, but unfortunately, it also gave many hackers the perfect opportunity – with more time on their hands – to infiltrate business servers and steal highly sensitive data!

These data breaches are often avoidable with the right IT support for business and usually result from a small flaw in the business’ current computer security software, allowing hackers the chance to infiltrate the systems. Oftentimes, these flaws may have gone unnoticed for quite some time until the hacker manages to expose it by navigating into the business network and wreaking havoc.

Hacking isn’t something that is faced only by small businesses, either. In fact, any business can be prone to getting hacked – and as such, it’s always vital that your business computers, desktops, laptops, and tablets are checked for security by a dedicated IT management team.

2020’s Biggest Data Breaches

As we’ve already mentioned, hacking isn’t something that only small businesses suffer from. Indeed, large businesses are just as much of a target, if not more so, for the greater amount of data that they store. And, while one might expect a large business to have vastly superior cybersecurity systems in place, it’s important to note that no system alone is perfect; as such, every business is at risk of getting hacked if there are any faults or flaws in their current IT security solutions.

#1 Wawa Data Breach

Wawa is a US convenience chain that suffered a major data breach in 2019 and 2020, although the breach was not actually discovered by the chain until late 2019 – meaning that it was still very much ongoing throughout 2020! During the breach, hackers managed to install malware onto the Wawa network servers.

In doing so, the hackers were able to access customers’ financial data on likely a nationwide level. This financial data, primarily including payment card information, was then sold on the black market, Joker’s Bazaar, where card details were sold off in batches over a long period of time so as to prevent the company from finding out about the breach and to keep the value of the data high.

#2 Estee Lauder

Estee Lauder experienced a staggeringly big data breach in 2020, with over 440 million records being hacked and accessed by hackers! This massive data breach largely released personal customer data, including email addresses, names, and more.

The scariest thing about the Estee Lauder hack is that it is still not clear how hackers managed to infiltrate the system or the tools they used to obtain the data – but the database was discovered by Jeremiah Fowler in late January, a security researcher. It is also concerning that the data gathered by the hackers could also be used in the future to further access the company’s records, meaning that a repeat of this staggeringly big data breach is not impossible.

#3 Pakistani Mobile

As a major provider of mobile services for the people of Pakistan, one might expect that Pakistani Mobile would have high-quality and reliable cybersecurity solutions in place for its business network – but unfortunately, this is not entirely the case. In fact, Pakistani Mobile’s cybersecurity record for 2020 just goes to prove that even large businesses can be a major risk of hackers; in fact, the business was hacked twice in the same year!

The first instance of Pakistani Mobile’s IT security solutions being breached was in April 2020, when 55 million users’ accounts were sold. The information included in the sale contained phone numbers, full names, personal addresses, and national ID numbers. This was then repeated a month later for an additional 44 million accounts in May 2020.

The Pakistan Telecommunications Authority is still investigating the data breaches. However, it is still not entirely clear who carried out the hacking, how, or even when; some security companies investigating the breach of Pakistani Mobile’s IT solutions claim that it could have been as long ago as 2017!

How to Ensure Your Business’ Cyber Security is Reliable

Unfortunately, for as long as there are hackers – which, frankly, is likely to be forever – businesses will need to invest money in the latest cybersecurity and IT solutions to make sure their business computers, desktops, laptops, and tablets remain safe. Indeed, network security is of the utmost significance, and as can be seen from the above three examples, even the biggest businesses aren’t entirely safe from hackers determined to get into their systems.

As such, investing in computer security software is essential. It is also highly advisable that your business has an internal or outsourced IT manager on the side to help provide cyber and IP security solutions.

Managed IT services can help you focus on running your business. Meanwhile, your chosen managed service provider can work to ensure your business’ cybersecurity is the strongest it can be – providing the best business IT solutions possible for your networks. After all, no businesses are truly safe from the dangers that hackers can pose – which is why secure IT services for businesses are such important investments.