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 […]
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 […]
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 […]
In Friday’s (September 16,2011) edition of The Wall Street Journal, Mr. John Bussey wrote an OpEd article about small to mid-sized businesses (“SMB”), and how they are opting to leverage the advantages of cloud providers. The author reports that the SMB market has become more sophisticated when it comes to choosing which provider to outsource its […]
It was confirmed Saturday evening that aerospace giant Lockheed-Martin was hit by a “minimal” cyber-attack. According to Company and Pentagon officials, the cyber-attack was quickly detected, and no personnel, customer, or program data was compromised. As it is too early to tell the extent of the breach, one conclusion can be that due to the […]