Nationwide Insurance impacted by security breach

November 23, 2012

The personal information of more than 28,400 US households may have been accessed by computer hackers, as reports emerge of an online security breach involving Nationwide Insurance Co.

Georgia insurance commissioner Ralph Hudgens has confirmed the breach occurred, and a consumer hotline has been set up for people who are concerned they may have been affected.

In a consumer alert released November 19 (NAET), Mr Hudgens' office explained that a plan of correction has been implemented in order to minimise the impact of the incident, and reiterated that improper access of consumer's personal information is treated as a serious matter.

Incidents such as this offer a timely reminder of the importance of ensuring vulnerability management in your organisation in order to protect the personal information of employees and clients

2012 has been a busy year for security breaches, with high profile incidents affecting major conglomerates such as Blizzard Entertainment, Yahoo!, Formspring and LinkedIn.

Any organisation which is concerned it may be at risk of a cybercrime security breach should strongly consider investing in penetration testing and security audit evaluations which can determine where vulnerabilities in your system are occurring.

In this manner, the organisation can discreetly and efficiently go about correcting any issues and therefore mitigate the risk of being affected by a security incident in the future.

Earlier this year, a survey conducted by ISACA identified that assessments such as these may be of particular importance for organisations based in Australia.

The 2012 Governance of Enterprise IT Survey, which involved more than 3,700 members of the ISACA community, found that 29 per cent of participants admitting to have been affected by a security incident in the last year.

That number was even higher than the global survey results, which showed 22 per cent of respondents had been affected by an online security breach in the past 12 months.

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