Expert Commentary: Flagstar Bank Data Breach

By   ISBuzz Team
Writer , Information Security Buzz | Jun 21, 2022 07:16 am PST

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.

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Keith Neilson
Keith Neilson , Technical Evangelist
June 21, 2022 3:18 pm

“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 them) until it is too late. Once all cyber assets are accounted for, IT leaders can establish clear, real-time visibility of their cyber attack surface and effectively implement security guardrails across the entire IT landscape to prevent any access to cybercriminals.”

Last edited 1 year ago by Keith Neilson

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