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Why’s and how’s of data breach in a nutshell

November 25 2014, 03:51am

Data breach is a significant problem that is on the rise with most of our personal, financial, and medical details being stored in handy gadgets and computers for our convenience. Specific agencies are in place to properly store the information but can they be trusted blindfolded with Monument Capital Group government departments to shopping chain stores being robbed off important data.

May be not until security is tightened and information stored in such manner that hampers accessibility. Professor Alex Pentland, who directs Massachusetts Institute of Technology’s Human Dynamics Laboratory and is also the scientific advisor of Monument Capital Group, feels that the risk of data breach comes up mainly because all the information is stored with one organization and in a single location.



Ideally, the information should be segmented and stored securely using different computer systems and encryptions. Even human access should be made limited. Is spite of heightened security, if there is a breach, segmentation of the information would prevent loss or damage to the total database which is a cause of concern and a liability.

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Criminal activities by citizens and employees and cyber crime not to mention industrial espionage are the greatest forms of danger faced today. A properly distributed database structure Monument Capital Group with a network supporting permissions and auditing can help reduce the risk of data breach http://www.huffingtonpost.com/shane-paul-neil/big-data-bigger-breaches-_b_6109928.html. The data stores should be segmented according to the content and the best method is a system of sharing called trust networks. It is a system which combines a record of user permission for every data access and a legal framework that specifies what can and cannot be done with the data and what may happen if there is a breach.



Trust Networks was earlier available on to big companies but now experiments are on to make available in the market a consumer version of the product available. It is necessary to build and acquire a resilient defense mechanism but at the same be prepared that losses may occur.

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