Mr. Alnoor Ebrahim, former AT&T executive, admitted to a Federal Court in Lower Manhattan today that he sold AT&T sales figures on Apple and RIM products to traders who purchased shares based on that information. In a plea agreement with the federal government, prosecutor’s are recommending a maximum sentence of 2 years in prison for Mr. Ebrahim’s […]
In recent days, high-profile social media companies LinkedIn and eHarmony disclosed that data from their IT systems have been exploited, via a cyber-attack, and the information obtained from the hack was placed on Russian Internet forums. LinkedIn estimated that approximately 6.46 million passwords were hacked, and are advising all users to update/change their login credentials. In response to […]
The U.S. government announced yesterday (May 22, 2012) that terrorist organizations, like al Qaeda, are looking to launch “electronic jihad” on U.S. networks that are critical to its infrastructures. A video released by the terrorist organization yesterday urged extremists to exploit network flaws in systems related to the aviation and power grid industry, to name a few. This […]
When assessing risk options for cyber-attacks, the natural response for corporate managers is to insure against the risk by paying a third-party to ‘indemnify and hold harmless’ against such a catastrophe. However, in mid-April this year, Insurance Journal reported that 3 out 4 corporate managers were forgoing cyber-insurance policies to cover data breaches despite the […]
Eight months ago I was notified that my domain registration provider would be cancelling its service, and that I would need to find a new provider before the site shutdown. I was assured by both my old and new domain provider that the transition would be seamless and hassle-free (famous last words). Knowing very well […]
Last September, the Seattle City Council passed the ‘Sick and Safe Leave Ordinance’ which will require any company, with 4 or more employees, doing business within the City of Seattle to provide paid sick and safe leave to employees at the same hourly rate and benefits that the employee would have earned during the same time […]
Documents filed in federal court regarding the January data breach of Amazon.com subsidiary, Zappos.com, shows the online shoe retailer’s data security team had detected the cyber-intruder while the hack was in progress. Zappos.com team members were able to thwart the breach before critical customer data was stolen, but the damage to its brand reputation continues to […]
While in law school, I had the privilege of working as an extern for the New York Police Department’s, Civil Enforcement Unit, assisting them in the prosecution of nuisance abatement crimes. Based on theories premised in a March, 1982, article published in The Atlantic by coauthor’s, Mr. George Kelling and Mr. James Wilson, the City of New […]
A report by The Wall Street Journal today highlights the lack of attention corporate executives at the telecom device-maker, Nortel Networks, paid towards internal controls after it was discovered that, for over a decade, their corporate infrastructure had been illegally infiltrated by foreign agents. As early as 2000, hackers apparently obtained the passwords of seven top officials […]
The hacktavist organization known as Anonymous recently posted on its website a “hacked” 16-minute conference call between the F.B.I. and other foreign agencies, including Scotland Yard. Officials at the F.B.I. state that the call was “intercepted,” as opposed to “hacked.” According to the F.B.I., an e-mail had been sent “on Jan. 13 to more than three dozen people at the […]