The FTC will not be presenting any witness to rebut sensational testimony given by former Tiversa employee Richard (“Rick”) Wallace last week in the FTC’s data security enforcement case against LabMD. Robert Boback, CEO of Tiversa, who was accused of essentially being a fraudster and/or extortionist by his former employee, had this to say when…
Category: Commentaries and Analyses
Estimated cost of breaches in 2020 is… staggering
According to InfoTechLead, Juniper Research’s figures put the global cost of data breaches at $2.1 trillion by 2019, and the average cost of a data breach at $150 million by 2020. Gulp.
Follow-Up: How the University of Sydney Was Hacked
Back in February, we noted a hack involving the University of Sydney. A young hacker named “Abdilo” claimed responsibility for it and noted that he had exploited an Orsee vulnerability. Last week, Chris Howell of Honi Soit followed up on the breach: Closer to home, a reliance on security through obscurity seems to be partially responsible for…
China denies social security data spill
Sometimes a non-incident seems newsworthy. Today, I stumbled over this Xinhua report from April 23, responding to another report that I had never seen either, it seems: There has been no data breach of the social security network, a senior official said on Thursday following media reports. The personal information of tens of millions of…
Singapore: New Advisory Guidelines and Resources Available
The Personal Data Protection Commission of Singapore has issued new advisory guidelines and resources, particularly for SMEs. Some of them pertain to protecting electronic personal data and managing data breaches. You can access the guidelines on their site, but here are direct links to a few of them that may be of interest: Is Personal Data Safe With…
The largest cause of data security incidents is….. what?
The new BakerHostetler report on data security incidents says that human error was the largest cause of data security incidents, accounting for 36%. Their finding is consistent with the new Ponemon report that also puts employee error as the number one cause, at 39% But then you read RBS’s report on 2014 breaches where they say that 67%…