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Category: Commentaries and Analyses

Over $1.7 Trillion Lost Per Year from Data Loss and Downtime According to Global IT Study

Posted on December 2, 2014 by Dissent

HOPKINTON, Mass., Dec. 2, 2014 /PRNewswire/ — RESEARCH HIGHLIGHTS: Data loss and downtime costs enterprises $1.7 trillion1 Companies on average lost 400%2 more data over the last two years (equivalent to 24 million emails3 each) 71% of IT professionals are not fully confident in their ability to recover information following an incident 51% of organizations lack a disaster recovery plan…

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Data Security Auditor May be Drawn Into Data Breach Class Action for Failing to Identify Vulnerabilities

Posted on November 25, 2014 by Dissent

DrinkerBiddle reports a development in Storm v. Paytime, Inc., No. 14-cv-01138-JEJ (M.D. Pa.): In August, Paytime, Inc., a payroll services company, moved to dismiss a putative class action filed in the wake of a data breach in which the personal and financial information of more than 230,000 people was compromised.  Paytime argued that the plaintiffs lack standing, have failed to plead…

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Data Breach QuickView Released – First Nine Months Of 2014

Posted on November 19, 2014 by Dissent

RiskBased Security reports: We have been so busy here at Risk Based Security recently that we neglected to release our latest Data Breach QuickView report to the public last month!  The report already shows that 2014 is the highest year ever for exposed records.  The 1,922 incidents reported during the first nine months of 2014 exposed over…

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INFORMATION SECURITY: Additional Actions Needed to Address Vulnerabilities That Put VA Data at Risk – GAO

Posted on November 18, 2014 by Dissent

Highlights of a new GAO study also addressing VA infosecurity: What GAO Found The Department of Veterans Affairs (VA) has taken actions to mitigate previously identified vulnerabilities, but it has not fully addressed these weaknesses: Incident response: VA took actions to contain and eradicate the effects of a network intrusion detected in 2012, but it could…

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Audit: Portland, Oregon fails to comply with credit card data security standards

Posted on November 18, 2014 by Dissent

Fox12 in Oregon reports:- Portlanders who use their credit card to pay for parking meters and other city services may want to take a look at the city auditor’s latest report on payment card data security. The audit found Portland fails to comply with the industry’s data security standard when it comes to payments made…

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Link Found in Staples, Michaels Breaches

Posted on November 18, 2014 by Dissent

Brian Krebs reports: The breach at office supply chain Staples impacted roughly 100 stores and was powered by some of the same criminal infrastructure seen in the intrusion disclosed earlier this year at Michaels craft stores, according to sources close to the investigation. Multiple banks interviewed by this author say they’ve received alerts from Visa and MasterCard about cards impacted in the breach at Staples,…

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