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Cyber Security

Data Breaches and Financial Performance: Lessons Learned from Target

In December we reported the data breach at Target, a US based retailer impacting 40 million customers.  In the meantime the company announced that 70 million of its customers would be at risk. The company stated that as part of Target’s ongoing forensic investigation, it has been determined that certain customer information — separate from the payment card data previously ... Read More »

The Cyber Center of Excellence (CCOE)

The Cyber Center of Excellence (CCOE) is a San Diego based, public-private partnership dedicated to accelerating the cyber innovation economy. This member-based organization is driven by the “best in breed” cyber partners in the world. Leaders like Sentek Global, ESET, SPAWAR, General Dynamics, FICO, Lockton Insurance, Morrison Foerster and so many others. The CCOE’s collaboration with the California Governor’s Cyber ... Read More »

Cyber Monday for Cyber Crooks

Cyber Monday got its name in the US in 2005.  It’s less a holiday than a marketing ploy to encourage shoppers to spend following the famous Black Friday sales after Thanksgiving.  First you spend in the malls, then when you head back to work you spend online. In the past almost all online retailers have seen their sales increase dramatically ... Read More »

FICO: Data Breaches Up 48% – Recommends Best Practices for Preventing Data Breaches

FICO publishes White Paper on Best Practices for Preventing Data Breaches. Consumers may enjoy the convenience of electronic banking, e-commerce and ATMs, but as the volume of financial transactions on computer networks increases, so does the risk that financial data will be compromised.  A record number of data breaches occurred in 2012—a dramatic 48% increase from 2011 in the US ... Read More »

Cyber Attacks on Companies Doubled in One Year

The number of companies suffering external cyber attacks designed to steal commercial secrets doubled in 2012-13 compared with the previous financial year, according to statistics that underscore the growing cyber threat to companies. The figures were published amid warnings from cyber experts that companies were not doing enough to defend themselves against hackers despite the numbers of attacks. Of the ... Read More »

Cyber Security: 7 Steps to Developing a Cloud Security Plan

Designing and implementing an enterprise security plan can be a daunting task for any business. To help facilitate this endeavor NaviSite has developed a manageable process and checklist that can be used by enterprise security, compliance, and IT professionals as a framework for crafting a successful cloud computing security plan. It defines seven steps—sequentially—that have been tested and refined through ... Read More »

UK Bankers Raise the Threat Level for Cyber Security

“Cyber crime” poses a major threat to the stability of UK banks. That’s one of the findings in last Monday’s Systemic Risk Survey from the Bank of England.  It’s not the top-most concern — that post is still held by the risk of an economic downturn, followed by sovereign risk.  But nearly a quarter of risk managers put operational risk as a ... Read More »

Kroll Releases White Paper That Argues Chinese Hacking may be the Least of Corporate Cyber Security Worries

Kroll Advisory Solutions released a new whitepaper warning that U.S. corporations should not let recent Chinese hacking headlines distract them from the larger threat to corporate trade secrets and proprietary data:  Corporate insiders. “Corporations can’t let news of the Chinese hacking operation against The New York Times and Wall Street Journal cause them to lose sight of the larger threats ... Read More »