The payday loan firm Wonga says it is “urgently investigating illegal and unauthorised access to the personal data of some of its customers” after reports of a data breach affecting almost 250,000 of its UK customers.
The breach – one of the biggest ever in the UK involving financial information – involved the theft of names, addresses, phone numbers, bank account numbers and sort codes. The data also includes partial credit card details, which are used by some banks to verify customer logins. The short-term loan company initially believed no data loss had occurred and only started contacting its customers a few days later when the extent of the theft became clear.
Unlike other recent hacks we have covered in our blog, the theft of financial data is of particular concern: Talk Talk received a record fine last year after bank details were stolen from only a few of the 157,000 customers affected by their breach, whereas the well-publicised Yahoo data theft was restricted to email addresses and passwords.
What the Wonga Data Theft means for UK Businesses
Whether you have ever been a customer or Wonga or not, the attack brings home the risk all of us take whenever we deal with companies who store our personal details. No business is safe from hackers, however large or small. If you do not take security seriously, then you are at risk. If customer data is stolen, then you risk a huge file from the Information Commissioner, and your business may never recover from the reputational damage.
Digitalquill – Experts in IT Security
Most data breaches are caused by human error – such as weak passwords. Digitalquill work with you to make sure that your IT policies are all up to date. We can supply you with software solutions to enforce password changes, or add biometrics as an additional security layer for your systems. If you have been attacked by a virus or ransomware, then we can help to clear up your system. Most importantly of all, we can make sure you have a security and backup regime that protects your valuable data and lets you recover from a disaster of any kind.
The right approach to information security can help to keep you safe from cyber threats and give you peace of mind. Call Digitalquill today on 01482 424402, email email@example.com or visit www.digitalquill.co.uk for more information.