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Data Breaches

Cyber Resilience and Supplier Risk: Moving Beyond Compliance

Cyber Risk Prevention has become a Board Room Responsibility.  Here is a useful approach to proactively mitigate risk.    BIIA recommends members to carefully consider the contents of a speech delivered by Nausicaa Delfas, Chief Operating Officer at the FCA (UK’s Financial Conduct Authority), at the Cyber Security Summit and Expo 2017 Highlights: Cyber resilience is not tick box It should ... Read More »

Risk Management: Data Breach Cover-up a new Form of Credit Risk

Uber concealed a massive global breach of the personal information of 57 million customers and drivers in October 2016, failing to notify the individuals and regulators, the company acknowledged on Tuesday 21st November. Uber confirmed it had paid the hackers responsible $100,000 to delete the data and keep the breach quiet. Uber also disclosed that hackers had stolen 57 million ... Read More »

The Bermuda ‘Super Rich’ Hack

No Place to Hide:  A leading offshore law firm with clients including the super-rich and international corporations has revealed it suffered a “data security incident” that may result in customers’ private information being leaked. Bermuda-based Appleby, which has offices in a number of British, overseas territories, said some of its data had been “compromised” in the 2016 cyber incident. The ... Read More »

We Want You: A Call for an Ad Fraud Task Force

Rishi Dave, CMO at Dun & Bradstreet contemplates that the digital advertising industry is likely to become one of the largest markets for criminal organizations within the next decade – and it’s going to take everyone in the industry to help solve this problem Do you know which industry is likely to become the second-largest market for criminal organizations within ... Read More »

Forrester Research Discloses Limited Website Data Breach

Forrester discloses that it suffered a cyber-security incident, though no confidential information was apparently stolen. Forrester Research announced that it was the victim of a cyber-attack. According to the firm, the attack had limited impact, with no evidence that confidential client data had been stolen.  According to Forrester Research’s preliminary investigation, attackers were able to gain access to Forrester.com content ... Read More »

Equifax Announces Cybersecurity Firm Has Concluded Forensic Investigation Of Cybersecurity Incident

Potentially impacted U.S. consumers increased by 2.5 million Equifax Inc. (EFX) (NYSE: EFX) announced today that the cybersecurity firm Mandiant has completed the forensic portion of its investigation of the cybersecurity incident disclosed on September 7 to finalize the consumers potentially impacted. “I was advised Sunday that the analysis of the number of consumers potentially impacted by the cybersecurity incident has been ... Read More »

Consumer Credit Data Safe in Australia and New Zealand, says Equifax

The Australian arm of credit analytics firm Equifax has sought to distance itself from a major cyber security crisis engulfing its US parent, which could see the personal data of tens of millions of people compromised. “Please be assured that we have found no evidence that personal information of consumers in Australia or New Zealand has been ­affected by the ... Read More »

Data Protection and Breach Notification Legislation Strengthens Across the Asia-Pacific Region

The shifting landscape in cybersecurity and data protection regulations across the region is a very hot topic.  Asia as a region has lagged behind Europe, in particular, in terms of the development of updated data protection laws. The last few years have seen a real rapid pace of development in this area. We’ve actually had a number of jurisdictions — ... Read More »

Equifax Data Breach Update: A Category 5 Data Breach

Latest Equifax commentary: “Last Thursday evening we announced a cybersecurity breach potentially impacting 143 million U.S. consumers. It was a painful announcement because of the concern and frustration this incident has created for so many consumers. We apologize to everyone affected. This is the most humbling moment in our 118-year history. Equifax Security first discovered the intrusion on July 29. Understandably, ... Read More »

General Data Protection Regulations (GDPR): Ten Myths Debunked

On May 25, 2018, the European Union’s (EU) General Data Protection Regulation (GDPR) will take effect throughout all European Union member states. GDPR is a new regulation by which the European Commission intends to strengthen and unify data protection for individuals whose data is managed by organisations within the EU and for EU resident data worldwide. In short, every country ... Read More »

Equifax Data Breach: Flaw in Vendor Software Blamed

Equifax on Friday blamed a flaw in the software running its online databases for allowing hackers to steal the personal information of as many as 143 million Americans, according to an article in The Post. Hackers were able to access the info — including Social Security numbers — because there was a flaw in the open-source software created by the Apache ... Read More »

Equifax: Cyberattack May Have Affected 143 Million Individuals

Breach exposed Social Security and credit card numbers ‘Clearly a disappointing event for our company,’ CEO says Equifax Inc. said its systems were struck by a cyberattack that may have affected about 143 million U.S. individuals.  Hackers accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers, Equifax said in a statement. Credit card numbers for about 209,000 consumers ... Read More »

Identity Theft Survey Results: Consumers Need more Education and Help

Experian launches IdentityWorks(SM), a comprehensive product to detect, protect and resolve identity theft and fraud; survey underscores consumer need News of data breaches and the risks of identity theft and fraud persist, but consumers’ vigilance and awareness haven’t kept pace. A national survey by Experian, the world’s leading global information services company, revealed that not only is America’s collective guard down, ... Read More »

GDPR: A Well-intentioned Concept Hits the Realities of Implementation

75% of Organizations Will Struggle to Meet EU GDPR Regulations by Deadline, Survey Finds Varonis Systems, Inc. (NASDAQ:VRNS), a leading provider of software solutions that protect data from insider threats and cyberattacks, released findings today from an independent survey probing attitudes towards the EU General Data Protection Regulations (EU GDPR), due to come into effect one year from today. The survey, which polled ... Read More »

Bank Data Breaches Are Up and It’s An Inside Job

There have been many high-profile bank breaches in the news of late, and much of the blame has been laid on these institutions’ legacy operating systems, and their inability to cope with new forms of cyber-attacks, including breaches. However, a bigger security flaw may in fact come from another source. Data breaches are on the rise in financial services (FS): ... Read More »

To Stop Data Breaches, Start with Databases

Large-scale data breaches have become so common that even tens of millions of records leaking feels unremarkable. One frequent culprit that gets buried beneath the headlines? Poorly secured databases that connect directly to the internet. While companies commonly use these databases to store tempting troves of customer and financial data, they often do so with outdated and weak default security ... Read More »