Destruction from a data breach
Traced back to a Chinese intelligence group seeking to learn more about U.S. citizens, Marriott’s infamous breach was not uncovered until 2018, four long years after their network was first compromised. During that time, including through their acquisition of Starwood hotel brands, one of the most notorious crimes in cybersecurity history was being committed.
The credentials, passport numbers, credit card numbers, and personal information was stolen and exploited from approximately 500 million unsuspecting Marriott customers. The destruction this breach caused has rippled into U.S. and foreign politics via the Trade War and is ultimately resulting in potentially one of the biggest trade deals ever made.
Meanwhile, Michael Kovrig–who is a Senior Advisor of the International Crisis Group, former Canadian diplomat, and a loving husband and son–has been detained in China for over 500 days on politically motivated charges tied to the unraveling of this very messy and complex data breach. He’s been allowed one phone call to speak with his father, whose health is in severe decline.
Circling back to this word destruction — where, and how do we begin to count the losses and tally damages? Is it in dollars and cents, the psychological impact and loss of trust, rebranding efforts, or the actual lives and families deeply impacted by this event?
It seems nearly impossible to quantify the cascading effect this breach will continue to have, but one single fact remains the same: it could’ve been prevented.
We know this because, in early 2020, Marriott quietly disclosed the entry point was a result of two of their employee’s login credentials being compromised, allowing the malicious actors to ultimately gain access to back-end systems. This was the second security breach Marriott had disclosed in the past 18 months prior to this event.
Aside from the financial loss, loss in business, and the loss of trust and a solid reputation when a data breach occurs, there is a much bigger and all-encompassing loss that involves everybody, even those unaffected by certain breaches like the one we just talked about.
The International Data Corporation (IDC) predicts that by the end of this year, a quarter of the world’s population will have been affected by a data breach. I did the math (so you don’t have to) that is almost two billion people who may lose money, financial autonomy and security, and general peace of mind. Not to mention, 60% of SMBs close within six months of a data breach, with the average cost of a breach in the U.S. climbing to nearly $8 million as reported by the 2018 Cost of Data Breach Study.
Entire businesses are being lost and brands tarnished due to cyber attacks, but what are these companies doing wrong?
In the first half of that same year, social media breaches alone accounted for about 56% of the more than four billion data records compromised. It’s now 2020, and more often than not, you sign up for an app that’s meant to connect you with friends or improve your life in some way, and it somehow results in the non-consensual loss of your privacy and personal information.