The 2011 Identity Survey Report, released today by Javelin Strategy & Research (www.javelinstrategy.com), reports that in 2010 the number of identity fraud victims decreased by 28 percent to 8.1 million adults in the United States, three million fewer victims than the prior year. Total annual fraud decreased from $56 billion to $37 billion, the smallest amount…
Category: Commentaries and Analyses
How to Respond to a Data Breach – and Then Some
George Hulme recently wrote about an anticipated WikiLeaks exposure of Bank of America files and used Bank of America’s attempts to prepare for the disclosures as an opportunity to discuss how to respond to a breach. George writes, in part: The idea isn’t to bury the news, or prepare executives how to lie, but to…
NIST formalizes cloud computing definition, issues security and privacy guidance
George V. Hulme writes: Last summer, Federal Chief Information Officer Vivek Kundra asked the National Institute of Standards and Technology (NIST) to help accelerate the federal government’s secure adoption of cloud computing by leading efforts to develop cloud standards and guidelines. And NIST just delivered. The agency published two new draft documents on cloud computing. The first…
Data breaches triple in space of a year
The Irish Independent reports: Incidents of data breaches tripled last year, with more than 400 instances reported, according to the Office of the Data Protection Commission. A number of probes have been launched into civil servants suspected of accessing information about individuals out of curiosity, or for profit. But some data leaks out through human…
Losing Data Must Be Easier Than Misplacing a Piano
Bart Porter writes: Days ago, before the tale of a mysterious piano that appeared on a secluded sandbar in Miami’s Biscayne Bay went viral and everyone from condo residents to the U.S. Coast Guard were questioning where it came from, I had a similar question in mind: How does somebody lose a grand piano? Grand…
ACH Fraud on Trial: EMI v. Comerica
Tracy Kitten writes: Michigan-based Experi-Metal Inc. and Comerica Bank headed to court this month. Their case is the first major corporate account takeover incident to actually go to trial. The two parties now appear before the U.S. District Court of Michigan to debate how much responsibility EMI should assume for the takeover of its bank…