885 Million Personal Records Exposed by a Major US Financial Institution

The U.S. Securities and Exchange Commission (SEC) is investigating a data security breach at the real estate giant, First American. It has been revealed that 885 million personal and financial records tied to mortgage deals dating back to 2003 were exposed on their website for anyone to access. This included social security numbers, drivers license images, and bank account information to name a few examples.

Initial investigations have found that First American had no user restrictions or authentication requirements, in place, to access or even print documents containing personal and financial data, suggesting huge security concerns. According to the 2018 Global Encryption Trends Study, this is not uncommon. Only 43% of respondents in the study had an encryption strategy applied consistently across the enterprise.

For any enterprise or government organization, limiting access to documents and data to an agreed authorized group, should be at the heart of any data security strategy. This includes the encryption of sensitive data transmitted across the network, as well as data stored on all end points.

To assist your customers in creating an effective security strategy, which limits access to documents and data, introduce them to FollowMe® by Ringdale®, the complete document output management solution which prevents data interception, and protects sensitive customer, employee and organizational information. Global leaders in finance, health and government organizations choose the FollowMe solution because it takes government grade encryption into account at all levels.

For further information on FollowMe by Ringdale, visit www.followme.ringdale.com

SOURCE Ringdale

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