DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Hacked Laptops Lead Banks to Warn of Data Breaches

Posted on January 12, 2011 by Dissent

Robert McMillan identifies problems banks face in incidents such as two previously covered on this blog – a Sovereign Bank incident and a PenFed incident:

…. According to experts, Sovereign’s decision to investigate the situation and then notify customers is probably more cautious than most.

The problem is that it’s often unclear whether hackers were able to access sensitive data.

In some companies — especially in smaller companies in less-closely regulated industries — IT staff coming across a hacked computer may simply wipe the system and set it up anew from scratch, unaware of any regulatory obligation. It takes a careful forensic audit to even have a chance of figuring out when the malicious software was installed, and whether it was used to access sensitive data. But even if there’s a forensic assessment, figuring out whether data has really been accessed can be a matter of guesswork. “There’s no right answer,” said Alan Cox, a principal research analyst with network monitoring company Netwitness. “It’s typically handled on an incident-by-incident basis.”

Read more on PC World.  Bob reports that the Sovereign breach affected at least 50 customers.

No related posts.

Category: Commentaries and Analyses

Post navigation

← (update) ID Thefts On The Rise In Butte
“Ugg Got Hacked: Sheepskin Boot Security Compromised Worldwide” →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Qantas customers involved in mammoth data breach
  • CMS Sending Letters to 103,000 Medicare beneficiaries whose info was involved in a Medicare.gov breach.
  • Esse Health provides update about April cyberattack and notifies 263,601 people
  • Terrible tales of opsec oversights: How cybercrooks get themselves caught
  • International Criminal Court hit with cyber attack during NATO summit
  • Pembroke Regional Hospital reported canceling appointments due to service delays from “an incident”
  • Iran-linked hackers threaten to release emails allegedly stolen from Trump associates
  • National Health Care Fraud Takedown Results in 324 Defendants Charged in Connection with Over $14.6 Billion in Alleged Fraud
  • Swiss Health Foundation Radix Hit by Cyberattack Affecting Federal Data
  • Russian hackers get 7 and 5 years in prison for large-scale cyber attacks with ransomware, over 60 million euros in bitcoins seized

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • The Trump administration is building a national citizenship data system
  • Supreme Court Decision on Age Verification Tramples Free Speech and Undermines Privacy
  • New Jersey Issues Draft Privacy Regulations: The New
  • Hacker helped kill FBI sources, witnesses in El Chapo case, according to watchdog report
  • Germany Wants Apple, Google to Remove DeepSeek From Their App Stores
  • Supreme Court upholds Texas law requiring age verification on porn sites
  • Justices nix Medicaid ‘right’ to choose doctor, defunding Planned Parenthood in South Carolina

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.