ATM Breach Hackers Steal $45 Million
Welcome to the 21st century, where hacking is becoming the preferred method of theft over the ‘old school’ method of armed robbery. Earlier this month it was revealed that a well-organized group of hackers stole nearly $400,000 from approximately 140 ATM locations in New York City in just under two and a half hours. That’s just the tip of the iceberg. In approximately 10 hours, the hacker cells in 24 countries conducted roughly 36,000 ATM transactions withdrawing an estimated $40,000,000. The back-end servers were hacked, giving the group the ability to make the fraud...
Cyber Intelligence Sharing and Protection Act
Passed by the U.S. House of Representatives, H.R. 624, the Cyber Intelligence Sharing and Protection Act (CISPA) would provide narrow authority to share cyber threat information between the government and the private sector. To help address concerns of an out-of-control surveillance program H.R. 624, Page 11, Line 1 notes,
“The government can only use cyber threat information for: “cybersecurity purposes; the investigation and prosecution of cybersecurity crimes; the protection of individuals from the danger of death or serious bodily harm and the investigation and prosecuti...
Internet Privacy: New Bill Would Offer Protection
If you’re even a casual user of the Internet, your personal data is off sailing around cyberspace. This is even more prevalent if you have a Facebook account, use an Internet email service such as Gmail, or even conduct searches online with Google. Since Gmail is provided by Google, the company pools the personal information from their search engine and their email service to be able to have a more complete dossier on us.
Companies do have privacy policies on what data they collect, and how they use them. However, most people don’t read the p...
The Cost of a Data Breach
A data breach can be devastating. It can lead to identity theft and financial fraud. A data breach can also be very damaging to the business targeted in the event. Find out more about the risk of a data breach below.
The Ponemon Institute publishes an annual report documenting the cost of a data breach. Their latest numbers have the average cost of a breach of a single record at $194. Based on the average number of records stolen in a given event, a single data breach could have an economic impact to your business of over $500,000. The cost includes: detection, investigation, legal...
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