Yet another retailer has been hacked and everyone involved in the incident is scrambling to determine the amount of damage done. Home Depot announced Tuesday that it is cooperating with investigators to determine if and when the breach occurred in their system. According to early reports, the breach has been ongoing and began in May of this year with an unknown amount of customer information exposed to those with malicious intent.
The first hint of a problem occurred when Home Depot customer information began appearing on new batches of fraudulent credit cards. What is troubling is that organizations are not aware their systems have been breached until someone points it out to them. Try to imagine this scenario . . . someone walks into a bank and says to the manager . . . ‘say do you know that the back door to the bank is unlocked, open, and I just saw someone walking down the street with bank’s money’ . . . and they have been doing this for several months?
Home Depot is not alone in being a target for hackers, nearly any large organization is a similar target. However, one would think that with all the media coverage given to cyber breaches from TJMaxx to Target, Michaels, Neiman Marcus and PF Chang’s . . . the list seems endless . . . that the ‘powers that be’ in upper management would ensure their data was secure. Organizations can ‘insure up’ against attacks, but while that provides them with a financial security blanket it does nothing to protect the customers. The C-Suite in organizations need to more than simply ask their CIO’s ‘are we safe?’ . . . they need to start becoming ‘cyber savvy’ and then begin opening the doors and peeking inside.
Home Depot investigating ‘massive’ hack