{"id":350,"date":"2016-08-05T11:47:13","date_gmt":"2016-08-05T17:47:13","guid":{"rendered":"https:\/\/www.morphis-insights.com\/?p=350"},"modified":"2024-01-26T11:10:19","modified_gmt":"2024-01-26T11:10:19","slug":"become-complacent-security-risks","status":"publish","type":"post","link":"https:\/\/morphis-tech.com\/blog\/become-complacent-security-risks\/","title":{"rendered":"Have We Become Complacent With Security Risks?"},"content":{"rendered":"

Of course, most of the world\u2019s businesses are aware of the fact that a security breach could be detrimental to their business. But why is it that the \u201coutdated software turns into nightmare for customers\u201d headline continues to appear almost daily? At this point, almost every American has been affected by at least one data breach this year<\/a>.<\/p>\n

Take Carphone Warehouse, one of the UK\u2019s top retailers for cellular devices yet responsible for the UK’s biggest data breach of the year<\/a>. As many as 2.4 million customers (roughly four percent of the country’s population) had their personal information, including credit card data, taken in the breach that was caused by a cyber attack against outdated security measures in the retailer\u2019s software<\/p>\n

Sebastian James, Chief Executive of Dixons Carphone, the retailer\u2019s owner, mentioned in an interview that the company has since \u201cput in place additional security measures.\u201d While this is nice, it would have been best if customers knew that all possible security measures were already in place prior to the breach and that security holes in the company\u2019s software did not exist in the first place.<\/p>\n

For a company (created by the merger of Carphone Warehouse and Dixons Retail) that just reported a 17% jump in profitability this year<\/a>, the question remains: when will companies choose to invest in their technology and put the security of their customer\u2019s personal information ahead of short-term profits?<\/p>\n

This year alone, we\u2019ve watched as successful, profitable banks, airlines, major retailers, hotels, and other major multi-million (and billion) dollar companies have experienced breach after breach. So what is holding companies back from updating their legacy systems?<\/p>\n