Eric Chemi reports: On May 21, EBay revealed that it had suffered a cyber attack and data security breach, and users’ information—names, account passwords, e-mail addresses, physical addresses, phone numbers, and birth dates—was exposed to hackers. While security experts, the news media, and actual EBay users may have all been alarmed, the stock investors weren’t. EBay’s stock finished…
Category: Business Sector
So how’s eBay doing on breach response so far?
Not well, it seems. There was no notice up on their site yesterday, and registered users did not receive e-mails warning them to change their passwords. Those who found out via media coverage rushed to the site today to try to change their passwords. The traffic was so heavy that the site couldn’t function well…
eBay argued against stronger privacy breach penalties
Josh Taylor reports: As eBay hastily informs its customers of its massive privacy breach, the company told the Australian Law Reform Commission that stopping reputation damage was enough of an incentive to protect customer data, and that statutory action against privacy breaches was unnecessary. Read more on ZDNet. By the way, the numbers are all…
Target profit falls 16% as breach takes toll
Associated Press reports: Target cut its annual profit outlook Wednesday and said its first-quarter earnings fell 16 percent as it took another hit from a massive customer data breach and a troubled expansion in Canada. The third-largest U.S. retailer, based in Minneapolis, also issued a second-quarter projection that was below analysts’ expectations. Read more on…
IT pro gets 4 years in prison for sabotaging ex-employer’s system
Chris Kanaracus reports the follow-up to a case noted previously on this blog involving a disgruntled EnerVest employee: A former network engineer for oil and gas company EnerVest has been sentenced to four years in federal prison after pleading guilty in January to sabotaging the company’s systems badly enough to disrupt its business operations for a month….
Maschino, Hudelson & Associates notifies 5,500 after laptop stolen from employee’s car
From their website today: Maschino Hudelson & Associates (MHA or the Firm), an employee benefits broker, announced today that it is notifying approximately 5,500 people that a laptop containing some personal information was stolen from the trunk of one of their employee’s cars on or about April 2, 2014. The Firm immediately notified the police…