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6d117b57d55f63febe392e40a478011f

Marine One Breach Has Winners and Losers

March 01, 2009 Added by:Anthony M. Freed

Billions of dollars are spent on security every year, and it can be trumped by one lapse in judgment. That is a tremendous amount of resources committed to security just to have it undermined by the whim of one individual, and it underscores the precariousness of secure systems...

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6d117b57d55f63febe392e40a478011f

Heartland CEO Now Under SEC Investigation

February 26, 2009 Added by:Anthony M. Freed

The investigation may relate to stock trades made by Heartland CEO Robert Carr after Visa notified Heartland of suspicious activity on Oct. 28, 2008. According to insider trade filings, Carr sold just under US$8 million worth of stock between Oct. 29 and the day the breach was disclosed...

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6d117b57d55f63febe392e40a478011f

Heartland Update: Reps Respond to Questions

February 01, 2009 Added by:Anthony M. Freed

Heartland first learned of a potential problem from the card associations on October 28th of last year, well after the announcement of this 10b5-1 plan. Heartland categorically denies that Mr. Carr was aware of a potential security breach at the time he adopted his trading plan...

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6d117b57d55f63febe392e40a478011f

Heartland Breach Bad As Tylenol Poisonings?

January 25, 2009 Added by:Anthony M. Freed

The company issued statements Friday (1/23) in an effort at damage control in which the CEO compares the potential industry-wide impact of the breach to none other than that of the Tylenol poisonings of some twenty-five years ago that nearly brought down the drug maker...

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6d117b57d55f63febe392e40a478011f

U.S.Banks Vulnerable to Sabotage

December 19, 2008 Added by:Anthony M. Freed

Democratic U.S. Rep. James Langevin of Rhode Island, who chairs the homeland security subcommittee on cybersecurity, said: “We’re way behind where we need to be now.” Dire consequences of a successful attack could include failure of banking or national electrical systems, he said...

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