Breaches

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SEC Issues Guidance on Security Incident Disclosure

October 31, 2011 Added by:David Navetta

What the guidance document does stress, however, is process and risk assessment. One read of this guidance is that companies internally are going to have to more carefully forecast and estimate the impact of cyber incidents and the consequences of failing to implement adequate security...

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Latest Data Breach Costs Could Exceed $5 Billion

October 31, 2011 Added by:Brian Dean

It is recommended that organizations receiving PII become intimately familiar with all of the applicable security requirements for their industry in order to understand minimum protection requirements, industry best practices, as well as the consequences of noncompliance...

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Webinar: How to Minimize the Risks of a Data Breach

October 21, 2011 Added by:Kanguru Solutions

Kanguru Solutions has teamed up with Cyber Data Risk Managers LLC to host a FREE webinar on cyber security and infosec entitled “How to Minimize the Risks of a Data Breach/Cyber Attack.” This free webinar will discuss data security, privacy and measures to take in the event of a data breach...

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Impact: The Biggest Security Breaches of All Time

October 17, 2011 Added by:Headlines

While 2011 may be the year of the breach, the record for overall breach impact is still held by credit card payment processor Heartland Payment Systems with over 130 million accounts affected and costs in the neighborhood of seven billion dollars...

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Sony Hacked Again... ESI to the Rescue?

October 14, 2011 Added by:Rafal Los

Getting hacked isn't necessarily Earth shattering anymore. Enterprises need to make their peace with fact that they're going to have to live with data breaches and hacks. The secret to surviving is having a well-formed Enterprise Security Intelligence strategy...

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Sony Networks Compromised with Brute-Force Attack

October 12, 2011 Added by:Headlines

Sony Corporation have yet again been breached, compromising 60,000 PlayStation and 33,000 Online Entertainment accounts. The source of the attack is unknown, but reports in indicate that the infiltrators used login credentials from an unnamed third-party to gain access to the systems...

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Over 100 Arrested in Credit Card Fraud Operation

October 10, 2011 Added by:Headlines

"This is by far the largest... identity theft/credit card fraud cases that law enforcement has come across. Credit card fraud and identity theft are two of the fastest growing crimes in the United States, afflicting millions of victims and costing billions..."

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Citigroup Faces Class-Action Lawsuit for May Breach

October 10, 2011 Added by:Headlines

“Defendants have taken no steps that adequately or effectively protect cardholders against illegal use of the cardholders’ sensitive and extensive financial records since the breach,” the suit states. Officials estimate that $2.7 million was stolen from 3,400 accounts in the attack...

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GAO: Federal Security Incidents Increased 650%

October 04, 2011 Added by:Headlines

"Weaknesses in information security policies and practices at 24 major federal agencies continue to place... sensitive information and information systems at risk... reports of security incidents from federal agencies are on the rise, increasing over 650 percent over the past 5 years..."

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Financial Analyst Fined And Jailed for Data Breach

September 30, 2011 Added by:Headlines

Rebollo was arrested in 2008 after an investigation revealed that he had downloaded, possessed, and sold consumer information contained in Countrywide databases. Rebollo distributed financial information and contact information pertaining to approximately 2.5 million individuals...

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Data Breaches - Beyond the Impact of Fines

September 27, 2011 Added by:Emmett Jorgensen

With several high profile breaches this year, regulators have proposed data breach notification bills and heavy fines for organizations that fail to keep sensitive information safe. The real concern for organizations that have experienced a data breach, however, is customer confidence...

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DigiNotar Files for Bankruptcy Following Security Lapse

September 20, 2011 Added by:Headlines

DigiNotar has filed a voluntary bankruptcy petition following a serious breach of security. “We are working to quantify the damages caused by the hacker’s intrusion into DigiNotar’s system and will provide an estimate of the range of losses as soon as possible..."

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Hackers Targeting Small Businesses

September 16, 2011 Added by:Robert Siciliano

Big companies and big government get big press when their data is breached. When a big company is hit, those whose accounts have been compromised are often notified. With smaller businesses, however, victims are often in the dark, regardless of the state laws requiring notification...

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FBI Investigating Over 400 Corporate Account Takeovers

September 16, 2011 Added by:Headlines

"The FBI is currently investigating over 400 reported cases of corporate account takeovers in which cyber criminals have initiated unauthorized ACH and wire transfers... These cases involve the attempted theft of over $255 million and have resulted in the actual loss of approximately $85 million..."

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Senator Seeks Punitive Model for Data Security Laws

September 14, 2011 Added by:Headlines

The devil is in the details with these laws. But there are a number of questions here... These companies are already victims in these attacks, so why are we penalizing them after a breach? I think that's because it's easier to issue fines than it is to track down the criminals and go after them..."

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How is All This Hacking Affecting My Identity?

September 13, 2011 Added by:Robert Siciliano

With so many different breeds of hackers, each with their own agenda, the media has certainly been more than willing to give them all the attention they could possibly want. Much of it has been sensationalist, but the reality is that we are indeed hemorrhaging information all over the place...

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