 Happy Friday November 30th 2018 and not so happy for the folks over at Marriott They have announced today that they suffered a large-scale data breach and it also as a plot twist turns out the uninvited guest was in their network since 2014 so this person has had access or a group of people were not really sure and I don't know that they are either They are working with authorities who sort all this out Once again, we got a big company here that has lost all of our personal data 500 million people's personal data now what the usual suspects of credit card and personal information about you was in there But also passports were among the things in this database along with any other information They had gathered along the way about you staying at those hotels So this is going to be a pretty interesting one to watch because it's an international incident but my Faith is waning in our u.s. Justice system to actually set forth any punishment on these companies because we generally see these data Bridges and it goes back to business as usual But the EU has been stepping it up a bit and hopefully will hold their feet to the fire We're gonna have to wait and see and find out how much trouble they're really in but this is an interesting question I've kind of been researching is have any of these large companies ever gone out of business from a breach like this And after doing a little reading I can't name any large companies now We work with the small business market a lot So we've seen small companies that face these challenges and lose they can't afford the fines They can't afford the remediation They can't afford to just hire a PR firm and put some spin on their entire poor security modeling Now I'm not going after them right away to say poor security modeling after Marriott But their security is obviously going to be under scrutiny And I'm a skeptic to the quality of it when you've had someone wandering on your network for the last four years So it's going to be kind of interesting I'm really hoping and these companies never do a good enough job with this I would love a debrief to kind of know how it happened what preventative measures Can be taken against this and it's also could be a learning opportunity for other smaller companies so we can Become better at security. So anytime there's an instant. I'm hoping for a learning opportunity but unfortunately, we're usually met with some PR spin and Someone will be sacrificing a company and they're gonna blame that person Who will make some type of a golden parachute exit from the company and they will go back as business as usual And their stocks will rebound and everyone will be all Happy except for the consumers who lost all their data and have no real remediation for it And it's just a matter of when it happens again. So leave your thoughts and comments below I'll leave links to the articles about this and the official announcement from Marriott And we'll wait and see how this story develops It's gonna be interesting, but I'm really hoping the EU steps it up and puts these companies and holds them responsible for Once again losing people's data because this is just I don't want it to be a regular weekly headline And unfortunately these companies have gotten away with it and without any real firm punishment against them It is going to continue to be a weekly headline because there's simply no consequences for it security costs a lot of money The breach doesn't cost as much So they roll the dice roll the gamble and we lose in these cases we the consumers lose When these companies don't do things right? Thanks for watching if you liked this video Go ahead and click the thumbs up leave us some feedback below to let us know any details What you like and didn't like as well because we love hearing a feedback or if you just want to say thanks Leave a comment if you wanted to be notified of new videos as they come out Go ahead and subscribe and a bell icon that lets YouTube know that you're interested in notifications Hopefully they send them as we've learned with you, too Anyways, if you want to contract us for consulting services You go ahead and hit launch systems calm and you can reach out to us for all the projects that we can do and help you We work with a lot of small businesses it companies even some large companies And you can farm different work out to us or just hire us as a consultant to help design your network Also, if you want to help the channel in other ways, we have a patreon We have affiliate links. You'll find them in the description You'll also find recommendations to other affiliate links and things you can sign up for on laurance systems.com Once again, thanks for watching and i'll see you in the next video