Jessica Silver-Greenberg and Matthew Goldstein report: This summer’s huge cyberattack on JPMorgan Chase and a dozen other financial institutions is accelerating efforts by federal and state authorities to push banks and brokerage firms to close some gaping holes in their defenses. Top officials at the Treasury Department are discussing the need to bolster fortifications around a critical area of cybersecurity:…
Category: Commentaries and Analyses
Which Big Retailer Hasn’t Reported a Major Breach — Yet?
Jordan Robertson reports: … What may not be apparent amid the deluge of bad news is who’s not on the list. While scores of household names have fallen victim to hackers, some pillars of U.S. retail have managed to stay out of the headlines. So far. At a time when it may seem like there are few safe…
Grim statistics: Officials warn 500 million financial records hacked within past 12 months
Erin Kelly reports: Federal officials warned companies Monday that hackers have stolen more than 500 million financial records over the past 12 months, essentially breaking into banks without ever entering a building. “We’re in a day when a person can commit about 15,000 bank robberies sitting in their basement,” said Robert Anderson, Jr., executive assistant…
Oz privacy comish says breaches could double this year
Darren Pauli reports: The office of Australia’s Federal Privacy Commissioner has received 60 voluntary data breach notifications in the six months since 12 March compared to 71 received in the 2014 financial year. The statistics provide to Vulture South and repeated at the Australian Information Security Association conference include all manner of consumer and staff privacy exposures…
Stop worrying about mastermind hackers. Start worrying about the IT guy.
Andrea Peterson and Craig Timberg report: Mistakes in setting up popular office software have sent information about millions of Americans spilling onto the Internet, including Social Security numbers of college students, the names of children in Texas and the ID numbers of intelligence officials who visited a port facility in Maryland. The security problem, researchers say,…
Key findings from Ponemon Institute’s ‘Cost of Cyber Crime’ studies
Neil Ford writes: Ponemon Institute has released its 2014 Global Report on the Cost of Cyber Crime, based on regional Cost of Cyber Crime studies for 11 countries, including France, Germany and Italy. This post summarises the key findings of the European studies, and shows what you can do to protect yourself from cyber security risks using the international standard for best-practice…