On September 7, 2018, British Airways (BA) announced that the personal information of hundreds of thousands of its customers was stolen in a two-week long cyberattack.
BA reported that approximately 380,000 card payments were compromised. Hackers captured customers’ names, street and email addresses, credit card numbers, card expiration dates and security codes.
EU regulators could fine BA upwards of $650 million under the new General Data Protection Regulation.
Read more in the Financial Times article “IAG/British Airways: hack attack”. (Subscription required)
Recent attacks on Maersk, FedEx and BA demonstrate that cybercriminals are working to exploit software vulnerabilities in critical transportation infrastructure.
To defend against intrusion, many companies currently rely on centralized security architectures. This reliance creates a single point of failure–once malware exploits a vulnerability, a company’s entire operation can be at jeopardy.
To protect data and ensure privacy, companies need to invest in decentralized enforcement architectures. By utilizing secret sharding across multiple nodes, decentralized architectures deliver a more robust, resilient and self-healing protection approach, avoiding single points of security failure.