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Posted by Shar VanBoskirk on April 22, 2011
By now, you've all heard about Epsilon's April 1 data breach — an unauthorized party accessed a subset of Epsilon's email clients' data. My colleague Dave Frankland outlines the circumstances of the incident and its implications on Customer Intelligence and data security in his blog post immediately following the incident.
I attended Epsilon's Customer Symposium in Naples, Fla., last week, and I wanted to pipe in with some commentary based on what was addressed directly by Epsilon at the event.
Marketers: The way I would look at this is "if a data breach can happen to Epsilon — a firm which specializes in data and data management — it can definitely happen to me." We learned from Bryan Sartin, director of investigative services, Verizon Business Security Solutions, and Mick Walsh, supervisor, Miami Electronic Crime Task Force, US Secret Service, that electronic crime is a huge and growing business, due in part to the ease of access to consumer information online and the ease of access to the data black market through online search engines. Three-quarters of cases of electronic crimes executed through malware come from data disclosed through Facebook.
Note that most cyber crimes:
As Dave mentions, the issue of data security is a mandatory concern for marketers and security and risk professionals to address. Marketers need IT help to manage network and data collection requirements that will detect fraud or unauthorized data use and collect consumer data responsibly. Bad collaboration here means marketers will face a likely future of damage control for their at-risk brands rather than one which allows for the creation of relevant messages.