In one of the most significant data breaches ever to happen a cybercriminal recently gained access to more than one hundred million credit card holders data as well as credit card applications and other financial information belonging to Capital one credit card customers.
In our last article, we spoke about what this breach was and offered ways to help you mitigate the potential harm that may occur to you as a cardholder. Here, we will look into what can happen to all of that data
The Capital One Data Breach what we know
- The hacker formerly worked for Amazon Web Services; now this is important because although we tend to think that the critical data we supply to financial institutions are stored on hyper-secure, impregnable servers run by the financial institution. In many instances, these institutions are taking the information they are entrusted with and placing it in the hands of third-party companies. However, no matter where the data is located, it is only as secure as the people who manage it.
- Amongst the key data were stolen were millions of Social Security (for American credit card holder) and millions of Social Insurance numbers (for Canadian customers.)
- Capital One has offered a credit monitoring service for all of those affected by the data breach
- Even if you do not have a Capital One credit card, you may be affected if you filled out an application between 2005 and now.
The Capital One Data Breach What we do not know
- What happened to all of the data.
The mere fact we do not know what happened to all of the data opens up a Pandora’s box of potential problems. From fraudulent activities that may transpire from this missing data to nothing at all happening – we simply do not know at this time.
Beware of phishing scams
Now that potentially some of your data has been compromised to nefarious people, you will need to be more vigilant when you are online. What often happens in these situations is that even though initially just a little bit of information is compromised, scammers like to piece it all together, and one of the best ways to do so is through phishing scams.
In a recent series of blog posts we discussed phishing scams, here is a highlight of these articles:
Traits of a Phishing Email
- Scammers are always looking at different techniques in which to con us consumers, so although the ploy of a phishing attack can change dramatically email to email, there are several telltale signs that the email you opened is a phishing attack.
- Emails requesting that you give personal data that is out of the ordinary and should be viewed with caution. Although the email may appear to be coming from a legitimate organization, banking information, Social Security number, credit card information, login credentials are all examples of information that institutions would never ask you to share your vital data online.
- If you receive an email from a purported organization, but the email domain is @gmail.com, @hotmail.com, @yahoo.com, you should not respond to the email. Delete it immediately.
- Poor spelling and grammar are sure signs that the email is a phishing scam
- Emails that are threatening in tone or that are designed to set off panic in the recipient are most certainly spam
To read the complete article: I Fell For A Phishing Scam – What To Do? Please click here
How to Prevent Phishing Scams
Run a complete scan of your system
Running a complete scan of your computer is both a prudent and wise best practice. An antivirus software solution like adaware will examine your computer and not only eliminate any potential viruses, but it will also eliminate any spyware that may have been maliciously installed.
Install an anti-malware solution
Anti-virus software is designed to protect, detect, and remove particular malicious threats only after they have infected your computer. However, they can not always catch every single risk or defend against the most advanced types of malware, in the same way, anti-malware solutions like Web Companion can. Malware is designed to evade detection, which is why the anti-malware software must always be one step ahead of the hackers.
Monitor for Identity Theft
- Review bank statement for any unusual activity. Notify your financial institution that your banking data may have been compromised.
- Notify your credit card company and monitor ongoing statements.
- Notify the credit reporting agency in your area.
Look for any unusual emails that you may receive from foreign companies asking for payment or asking you to confirm that you signed up to them.
For more tips on how to prevent phishing scams, please click here to read the article:
The Capital One data breach in itself is not the first data breach of this kind, nor will it be the last. As a consumer, you need to be vigilant with whom you share your data, but more importantly, you need always to take control of your digital life.