One of the most robust compliance regulations, the General Data Privacy Law, is a European Union standard for security procedures around data privacy. It addresses the security of the company’s data, including the data of its clients and employees. According to GDPR guidelines, even a person’s name, email address, or photo can be considered personal data, and any personal data breach is unacceptable. The legal processing of data must have been disclosed to the research subject when the data was collected. Simply obtain and analyze the bare minimum of data necessary to accomplish the stated objectives. In all circumstances, personal data must be true and up to date. Only store personally identifiable data as long as it’s necessary to achieve the intended goal. Processing must be done to guarantee the requisite security, privacy, and consistency. The responsibility for ensuring compliance with each of these GDPR principles lies with the data controller.

MyCyberIQ Dark Web Monitoring enables businesses to monitor their corporate and clients’ data on the dark web to determine whether it has been exposed there or not. If they discover any of their data there, their goal is to remove it to reduce loss.

Similarly, the Health Insurance Portability and Accountability Act (HIPAA) sets the standards for protecting sensitive patient data. The increased usage and electronic exchange of medical data have increased the requirement for data security. Healthcare businesses must now fulfill these rising demands for information while abiding by HIPAA rules and safeguarding PHI to provide patients with high-quality care. Organizations that deal with individually protected health information (PHI) should implement and follow security protocols to be HIPAA Compliant.

Such companies as these use MyCyberIQ to monitor the Dark Web to ensure their employee’s and patients’ data security. Proper monitoring of employees and patient records can prevent a potential data breach or impersonation that could lead to insurance, MEDICAID, or MEDICARE fraud.

All enterprises, especially those that outsource critical business operations to third-party contractors should be concerned about information security. This is understandable given that improper data handling, particularly by app and information security providers, can expose businesses to threats, including malware installation, extortion, and data theft. SOC 2 is a compliance regulation usually adopted by service providers to demonstrate safe data handling practices.

Another popular privacy and security regulation named CMMC is a framework for cybersecurity required for US defense contractors. It combines many benchmarks and specifications to assess the cybersecurity readiness of the defense supply chain. Similarly, MyCyberIQ Dark Web Monitoring may assists here by integrating into security platforms for faster incident response, and as part of monitoring workflows for investigation and reaction that can be utilized to quickly reduce threats. The gathered data may be transferred to other platforms such as SIEM and XDR systems to provide more precise insights from the complete security stack. Compromised credentials may lead to security incidents that could jeopardize the ability to get new federal contracts and the required CMMC certification. Additionally, CMMC regulators and DoD contract stakeholders could assess the security posture of contractors by researching how much of their information has been exposed on the Dark Web.

According to a Deloitte study, the average company spends up to 14 percent of the annual IT budget staving off cybersecurity threats. Still, even with that investment, some businesses have fallen prey to hackers to the tune of millions in loss and revenue and irreparable damage to their brand name. MyCyberIQ Dark Web Monitoring has a better way forward by securing ecosystems with our proprietary cyber security system that thwarts the criminal plans to use weak or lessened passwords or confidential data often found on the Dark Web.

Dark Web monitoring for businesses is usually expensive with an average annual cost of $30,000 to $50,000. Thus, making this essential solution not affordable for many organizations with limited cybersecurity budget. MyCyberIQ Dark Web Monitoring offer the most affordable options that enables real-time monitoring: emails, domains, IPs, usernames and phone numbers. Get started today and protect your business and clients.

The best solution is to monitor the Dark Web and protect your company and clients by proactively identifying compromised or stolen data before malicious actors can use it.

MyCyberIQ Dark Web Monitoring fights fire with fire, so we can keep an eye on the bad guys operating in shady places like black market sites, P2P networks, hidden chat rooms, botnets and private websites. Once clients or employee credentials are found, act quickly to mitigate the threat.

Once the data has been compromised, the best immediate step is to reset user credentials and review activity logs to ensure the attacker has not gained access already.

The next steps include data removal from the Dark Web. Even though the data might be already out there, it is possible to use legal resources to attempt a data takedown. MyCyberIQ Dark Web Monitoring mitigations provide step by step instructions to help mitigate data breaches.

According to the National Cyber Security Alliance, 47 percent of all SMBs were hit by a successful cyberattack, and of that number, 60 percent went out of business. Most hacking-related breaches leverage stolen or weak passwords that are often exposed in the Dark Web and then used by cyber criminals to access employee accounts in enterprise applications. This strategy is especially effective considering that roughly 72 percent of people reuse one or two passwords everywhere.

When an online service is compromised and user credentials are stolen, they usually end up being traded on the Dark Web. These credentials are then purchased and used by malicious actors to gain access to enterprise systems and other services that share the same or similar email/user and password.