Analysis of Corporate Data Breaches: Incident Response Strategies

This report provides an analysis of three significant corporate data breaches: Yahoo, eBay, and Equifax. It begins by describing each breach, including the types of data compromised and the scale of the incidents. The report then delves into the response strategies implemented by each company's cybersecurity team, detailing the immediate actions taken to contain the breaches and mitigate further damage. The analysis includes the notification procedures, security protocols implemented, and the overall effectiveness of the response. The report highlights the importance of robust cybersecurity measures and effective incident response plans in safeguarding sensitive data. The conclusion emphasizes the continuous threat of data breaches in the modern technological landscape and the need for proactive security strategies.

Running head: ANALYSIS OF CORPORATE BREACHES
ANALYSIS OF CORPORATE BREACHES
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ANALYSIS OF CORPORATE BREACHES
Table of Contents
Introduction....................................................................................................................2
Discussion......................................................................................................................2
Description of breaches..............................................................................................2
Response to breaches.................................................................................................3
Conclusion......................................................................................................................3
Reference........................................................................................................................4

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ANALYSIS OF CORPORATE BREACHES
Introduction
Rise of technology has led to the implementation of the innovative methods in the
businesses but it has also increased the threat of data breaches. The effect of data breaches on
the companies are different and mainly the sensitive data of the companies are stolen. This
report intends to analyse three corporate breaches and determine how the response team
tackled the incidents.
Discussion
Description of breaches
Yahoo data breach has been considered to be the biggest breach of data in the present
business sector. The data breach released the email addresses, the telephone numbers, date of
birth, and the authentic names of over 500 million users from Yahoo company database
(Trautman & Ormerod, 2016). The majority of involved passwords has been hashed with the
help of the robust bcrypt algorithm.
eBay company was impacted by a data breach that led to the exposure of addresses,
names, encrypted passwords and dates of birth of over 145 million users (Sidhu, Sakhuja &
Zhou, 2016). It was claimed by the company that the hackers got into network of Yahoo
company through the credentials of three corporate employees and gained access in the
database.
Equifax faced a data breach that led to revealing of personal information of over 143
million consumers, and the exposure of credit card data of 209,000 (Trautman & Ormerod,
2016).

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ANALYSIS OF CORPORATE BREACHES
Response to breaches
In the case of Yahoo breach, the top management of the company was informed by
the cybersecurity team by notifying through mail after implementing the security protocols
for ensuring that the breach does not lead to the loss of huge amount of data (Trautman &
Ormerod, 2016).
In the case of EBay Company, the cybersecurity team blocked all access to the
database and notified the top management regarding the block of access to the company and
implemented the strong security protocols so that no major damage is done to the database of
the organisation (Sidhu, Sakhuja & Zhou, 2016).
Equifax cybersecurity held a meeting right after the company was impacted by the
breach and then notified them of the main steps that are being taken for ensuring that no
major data is gained by the hackers (Trautman & Ormerod, 2016). The credentials of all the
employees and the top management of the company was blocked and access was stopped.
Conclusion
Therefore, it could be concluded that the modern technologies faces the threat of data
breach that leads to the loss of sensitive data. The cybersecurity teams of the company
implemented the proper mechanisms for ensuring that all the organisational employees have
proper idea regarding the breaches.

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ANALYSIS OF CORPORATE BREACHES
Reference
Gressin, S. (2017). The equifax data breach: What to do. Federal Trade Commission, 8.
Sidhu, J., Sakhuja, R., & Zhou, D. (2016). Attacks on eBay.
Trautman, L. J., & Ormerod, P. C. (2016). Corporate Directors' and Officers' Cybersecurity
Standard of Care: The Yahoo Data Breach. Am. UL Rev., 66, 1231.