Joseph Menn reports that despite SEC guidance, companies that have been hacked are still not disclosing breaches to their investors. Read more on Reuters.
Category: Commentaries and Analyses
MD: Social Security, some credit card numbers were stored on public USM server
Andrew Ujifusa reports: The University System of Maryland until recently had been storing information, including Social Security and some credit card numbers, of thousands of prospective students on a server that the public can access, according to a state audit this week. The revelation was among seven findings from a study conducted by the General…
Study Examines the Aftermath of Data Breaches
A press release from Experian Data Breach Resolution and the Ponemon Institute: Nearly everyday consumers willingly provide their personal information to organizations online with no hesitation, neglecting to realize how that information can be exposed due to employee negligence, insider maliciousness, system glitches or attacks by cyber criminals. With Data Privacy Day (Saturday, January 28) right…
Aussie regulator warns online traders after account breaches
The Australian Securities and Investments Commission (Asic) is urging the country’s online traders to “urgently review” their account security after a wave of hacks. The watchdog says that during its regular surveillance it has “become aware of several stockbroking account intrusions involving unauthorised access and trading”. Read more on Finextra.
Commentary: Morally bankrupt hacktivism
One of the blogs that I check every day for news on data breaches is an incredible resource called cyberwarnews.info. Lee’s blog has been the source of a number of recent entries in DataLossDB. Today, Lee posted a commentary on his blog where he writes, in part: So to all the hackers, CWN continues to ask for…
The merchant strikes back: Cisero’s sues processor and bank over pass-along fines following alleged breach
There’s an interesting lawsuit to watch in Utah. The owner of Cisero’s in Park City is suing their payment processor and bank for deducting money from their account after card issuers fined them over an alleged breach of the restaurant’s system. The case stems from a March 2008 incident. According to Cisero’s, Visa had notified…