Which companies can you trust to protect your data?
In the midst of the massive data breach at the United Kingdom’s data-protection regulator, data protection authorities from around the world are scrambling to understand what data protection laws and practices are in place.
As the number of breaches continues to rise, it has become increasingly difficult for governments and data protection regulators around the globe to keep up with the volume of data being breached, writes TechCrunch’s Vikram Chandra.
The most recent breach at a major bank in the United States was a staggering 7 billion records stolen, the UK’s National Crime Agency (NCA) said on Wednesday.
According to the National Crime Authority, at least five banks are facing a combined $2.3 billion worth of fraud.
“This is not a small breach, and it’s the most significant to date,” the NCA said in a statement.
“It is a significant breach, but it is not the only breach that has happened in the past week.”
The UK’s Office of National Statistics (ONS) said the number and nature of the breaches is increasing and it is now asking people to provide more detail about the breaches.
In a statement, the ONS said: “In order to prevent a repeat of the recent breaches, the OSC will be asking people for information in the coming weeks about how they were affected, how often they were impacted and their contact details.
This will help the OSP to better understand the impact of the breach and to develop an action plan for the next wave of breaches.”
The ONS also said it has asked people to share their personal information with the OSS in order to help protect their personal data from further data breaches.
According to a report by data protection experts at IT news site Gigaom, the breach at Barclays had affected at least 1.3 million customers.
Barclays said that in the two months since the breach, the number one reason for its customers’ withdrawals has been “the increased risk of fraud” which has affected more than 500,000 accounts.
“We have been working closely with our customers to help them manage their personal financial and data security and we are committed to addressing this breach through appropriate safeguards,” the bank said.
“Barclay will continue to support our customers and to reassure them that our customer protection and anti-fraud measures are robust and will be fully implemented in the future.”
The bank said that customers who have had a banking holiday for a period of more than 60 days will be given extra support to get their bank account balances to their bank’s maximum limits.
“In the meantime, our customers will receive additional financial help to manage their accounts,” the company said.
While the UK government is trying to prevent more data breaches from taking place, there is a growing trend towards more private companies using blockchain technology to provide privacy and security for data.
In December, the blockchain consortium Blockchain.info launched its first public beta and is working to create a universal, open, and decentralized database that will underpin a wide range of data services.
The group said in its beta release, that it was creating the database as an open, peer-to-peer database, that would enable private data transfers and other forms of transactions, including the transfer of data to third parties.
In its beta, the group said it had already worked with several data services providers including Amazon, eBay, and Microsoft to build the database, which it has called “the database of the future”.
Blockchain.info, which has built a reputation as a blockchain startup, is currently in the process of launching a beta to help companies build their own blockchain based data services that could be used by data companies and private companies to provide a public database that would underpin a range of financial services.
In a blog post published on Thursday, the consortium said that it has developed a blockchain based API for third-party companies to build their blockchain based APIs and to provide the data services to third-parties on a universal platform.
“The API provides an easy way to easily transfer data between a blockchain platform, the Blockchain.
Info API, and third-Party services, such as eBay, Microsoft, and Amazon, while also providing data security, transparency, and trust for data that is stored on the Blockchain,” the blog post read.