Recent hacks have uncovered security vulnerabilities that should have been addressed years ago. "These attacks are going to escalate," says Josh Corman of The 451 Group. But organizations can implement basic steps to make the hackers' job harder.
An unencrypted laptop computer that's missing from the United Kingdom's National Health Service North Central London health authority contained information on 8.63 million people, according to a report on The Sun newspaper's website.
Who's behind the International Monetary Fund breach? Some observers suggest the attack could have been waged by a government to access confidential information about the financial stability of certain global markets.
The growth of the Advanced Persistent Threat has led to breaches in the Department of Defense, particularly in software penetration, enabling hackers to get into government systems and applications.
Fortify's podcast on NDAA and APT, presented by Public Sector President Kelly Collins and Federal Division CTO Rob Roy,...
FDIC examiner Donald Saxinger says cloud computing can pose challenges when it comes to business continuity during disasters. Proactive vendor management, he says, is the best way to address potential hiccups before they become big problems.
CEO Jack Tretton didn't minimize the breach, grouping Sony with others that have been hacked in recent weeks. "If you read the newspapers, you realize that there are companies being bombarded with people trying to hack them all the time."
Details surrounding the reported breach of the International Monetary Fund remain sketchy, but alarming. And Gartner analyst Avivah Litan believes there may be "dozens" of similar incidents that have not been disclosed.
If you need one more reason to take additional steps to prevent health information breaches, here's something to consider. An attorney argues that if breaches, and their high costs, are not brought under control, "I think where we are headed is to an insurance crisis."
"This is yet another [incident] in what is turning into a major 'breach streak,' which will make all of us rethink what information security really means," says Mike Urban, senior director of fraud solutions for FICO.
"Durbin, as it stands today, is very poor for the payments industry and the consumer, because it would lend itself to reducing fraud prevention and detection," says one banking/security leader about the controversial Durbin Amendment to Dodd-Frank banking reform.
Breaches will not slow anytime soon, and there's not much financial institutions and the payments chain can do to stop them. At this point, the best course of action for banks and retailers is to focus on damage control.