2 million mobile users in the USA are this week wondering if their data is again in the wild. T-Mobile announced Friday 24th Aug 2018 that a data breach exposed the personal details of about 2 million customers.

Imagine being one of these customers - I wonder if they are Facebook users too or Yahoo users - not potentially someone’s life is fully exposed to social engineering.

Of this latest hack, the wireless carrier said its cybersecurity team discovered the unauthorized access Monday 20th Aug and reported it to authorities. Customer names, billing zip codes, email addresses, account numbers and account types were exposed in the breach.

"None of your financial data (including credit card information) or social security numbers were involved, and no passwords were compromised," T-Mobile said. Well that's a small relief, yet what if these hackers can add this to the ever growing pool of hacked data to build profiles of people.

The company told press, though, that encrypted passwords were compromised. A spokesperson told the news outlet that the breach affected "slightly less than" 3 percent of its 77 million customers -- about 2 million.

T-Mobile said it would contact customers affected by the data breach. And do what I wonder?

T-Mobile went on to say "We take the security of your information very seriously and have a number of safeguards in place to protect your personal information from unauthorized access. We truly regret that this incident occurred and are so sorry for any inconvenience this has caused you," T-Mobile said.

At a time where these companies are asking for more and more data 'to validate you' we need to demand that there is pressure put on them to look after this data better.

What can you do? Passwords - change these now and regularly and use different ones especially on any site where financial information is left. Back up your data at least every week. Limit, as much as you can, additional information on sites.

At Microinsurance we are focused on changing the way insurance is developed and processed. We are insurance with an API. We are in the forefront of that change; developing policies by the season, job, by the hour, by the day and by the Km, thus fitting our model to that of the platforms and the way small and micro businesses see risk. We are unbundling policies so that the cover offered fits with peoples needs or the actual job or process being undertaken.

tags #cyberinsurance #cyberattack #microinsurance #captive #homeinsurance

Posted in Cyber Insurance blog on Aug 27, 2018