Digital adoption is only increasing in today’s world. It brings with it the challenges of safeguarding financial and personal data against potential threat actors. Including web application security best practices during application development can patch some of these holes and ensure the applications adhere to security standards and are free of vulnerabilities.
The Impact of Threat Actors
First, it’s important to note the ramifications of attacks. Threat actors’ motives may range from economic benefit to stealing user data, causing denial of service, tarnishing the image of corporations or simply getting a thrill.
Such attacks can cause the loss of precious data from customers and end-users, along with financial loss, service disruption, brand damage or a boost for rival groups.
For example, Adobe announced threat actors had breached its IT system in October 2013. They stole personal information from 2.9 million accounts, including logins, passwords, names, credit card numbers and expiration dates.
A year later, Yahoo! announced it had suffered a cyber attack that affected 500 million user accounts. This was the largest breach of personal data directed against a single company in history.
Equifax, an American credit reporting company, revealed (six weeks after the fact) that it had suffered a cyberattack over the course of a number of months. Detected in July 2017, it contained the personal data (names, birth dates, social insurance numbers and driver’s license numbers) of 143 million customers from the U.S., ..
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