Tech »  Topic »  Expert Commentary: Flagstar Bank Data Breach

Expert Commentary: Flagstar Bank Data Breach

Flagstar Bank, a Michigan-based financial services provider and one of the largest banks in the United States, has disclosed a data breach impacting 1.5 million customers.

“Financial institutions are entrusted with large volumes of sensitive customer information and have a responsibility to maintain proper security guardrails. A breach of this scale can impact not only the targeted organization and its customers, but also its business partners. As key targets for malicious actors, a financial institution’s reputation depends largely on its ability to ensure all data remains secure.
This latest attack serves as a reminder that a comprehensive cybersecurity strategy begins with cyber asset management. To properly secure sensitive data, organizations must take the first step of cyber asset management by discovering all cyber assets hosted within the IT environment. Without a comprehensive inventory of these cyber assets, organizations have no way of detecting potential vulnerabilities (let alone remediating ...

Copyright of this story solely belongs to . To see the full text click HERE