It is said that "Data is the new oil." If that's the case, then organizations need to do a far better job inventorying and securing their wells, says Laurence Pitt of Juniper Networks. He offers insights on leveraging and securing data.
Malware-wielding attackers reportedly hacked into a Taiwanese bank last week and transferred nearly $60 million via fraudulent SWIFT money-moving messages to accounts in Cambodia, Sri Lanka and the United States. Authorities say most of the stolen funds have been recovered.
The commenting platform Disqus is resetting passwords after discovering that its database was breached in 2012. The breach is one of several older breaches that have only now come to light, thanks to the stolen data having surfaced. But how many older breaches have yet to be discovered?
Equifax ex-CEO Richard Smith asserts that a single employee's failure to heed a security alert led to the company failing to install a patch on a critical system, which was subsequently exploited by hackers. But his claim calls into question whether poor patch practices and management failures were the norm.
When Yahoo first disclosed a massive 2013 breach last year, it said 1 billion accounts appeared to have been compromised. But the search giant, now owned by Verizon, says "new intelligence" has revealed that the breach compromised every single Yahoo account, affecting 3 billion users in total.
At the first of three Congressional hearings slated this week to examine the Equifax mega-breach, one Republican said of the company's delay in detecting the breach: "It's like the guards of Fort Knox forgot to lock the doors and failed to notice the thieves were emptying the vaults."
Credit-reporting agency Equifax says its massive breach was even worse than it suspected, affecting 145.5 million U.S. consumers. But it revised the number of suspected Canadian victims from 100,000 down to 8,000, yet says it's discovered that some also had payment card data compromised.
The latest edition of the ISMG Security Report is devoted to a special report on how enterprises around the world should prepare for the European Union's General Data Protection Regulation, which starts being enforced in May.
Former Equifax CEO Richard Smith this week heads to Capitol Hill to testify about the massive breach suffered by the credit bureau. Lawmakers will likely focus on breach detection and response, information security practices and the suspicious timing of three executives' stock sales.
Upscale supermarket chain Whole Foods Market says it's investigating a payment card breach affecting dozens of taprooms and an unspecific number of restaurants located inside its stores. But it says no point-of-sale systems at checkout lanes were compromised.
Fast-food chain Sonic Drive-In is investigating a potential breach involving customers' payment card data. Its alert follows a large, potentially related batch of stolen card data appearing for sale on a cybercrime "carder" marketplace called "Joker's Stash."
"Big four" accounting firm Deloitte suffered a breach last year that may have exposed 5 million internal emails as well as usernames and passwords, client information and health details, the Guardian reports.
The chairman of the U.S. Securities and Exchange Commission will face the Senate Banking Committee next week following the agency's belated disclosure that in May 2016, hackers stole secret market data from the SEC's systems and apparently used it for "illicit gain through trading."