Breach Report: Dropbox Implements New Security Measures

  • Fraud Prevention, Security

Dropbox, an online platform used for sharing data between devices, was recently confirmed breached after a two-week investigation. After users began receiving spam-like emails, Dropbox found that hackers accessed usernames and passwords through a third party. They believe the spam started once the hackers got access to a Dropbox employees information. A newly released blog on the companys site outlines their advanced efforts to prevent this from happening in the future.

While the company has done a great job at being completely transparent about the issue, they are facing a major issue that many online sites and businesses are dealing with. Its the same idea of getting a security system installed AFTER your house has been broken into. While its great now, it would have been even better BEFORE. Many companies think that preventing online fraud may be difficult or costly to implement, but compared to the costs and complications of fixing fraud, its well worth the conversation. Taking the time to implement a fraud prevent strategy can save businesses a great deal of grief later down the road. While the steps that Dropbox and other companies are taking, such as sending reminders to change passwords and logging account activity can help, they do not stop hackers that much more. Passwords are becoming less and less important as Internet hackers get smarter and as online activity increases.

Verifying and authenticating a persons identity before allowing them access to an online account can help stop hackers in their tracks. Even with someones username, password, and even address and credit card number, EVS can prevent a thief from moving any further. Authentication is key in a time where faceless transactions and logins are happening every second of every day. Preventing fraud may be something new to your company, or something you may be looking into, but it well worth the cost to avoid a breach.

[Contributed by EVS Marketing]