Stephen Foley comments in The Independent on the recent CitiGroup breach and tries to prevent kneejerk reactions. He writes, in part: […] There have been 288 publicly disclosed breaches of financial services companies’ computer systems, according to the Identity Theft Resource Centre, and 83 million customer records compromised. That would suggest that, even if you…
Category: Commentaries and Analyses
Data breach plaintiffs increasingly successful
Well, the headline surprised me and I really wish they had cited some examples of plaintiffs winning, as frankly, I just don’t see it. Rodd Zolkos reports: Cyber liability plaintiffs are experiencing more success in the courts, significantly increasing potential costs for companies that have experienced data breaches, an expert said Thursday. Speaking at the…
Check Point and Ponemon Survey Reveals 77% of Businesses Experienced Data Loss Last Year
Check Point and the Ponemon Institute released the results of a new survey today. From their press release: 77 percent of organizations surveyed have experienced data loss in the last year. Key findings from the report, “Understanding Security Complexity in 21st Century IT Environments,” show respondents cited customer information (52%) as the most common type…
The Worst Example of Executive Data Security Ever?
Daniel Nolte writes: Fabrice Tourre of Goldman Sachs has the distinction of being the only person sued by the Securities and Exchange Commission for fraud in selling mortgage backed securities. While that may remain his primary claim to fame (thanks to a front-page article in the New York Times), there may be a secondary distinction added:…
Sony PlayStation hacks show need for data breach disclosure laws
Lisa Banks reports: The repeated hacking of Sony’s PlayStation Network hack has demonstrated the need for Australia to adopt mandatory data breach disclosure laws, a local security director has claimed. While the PlayStation Network was back up and running for Australian users today, director of Clearswift, Phil Vasic, said mandatory disclosure laws would help prevent…
Pointer: Are we blasé about breaches?
Dan Raywood quotes a number of security experts in an article on SC Magazine that poses the question as to whether consumers have become blasé about breaches.