Archive for February 2015

A matter of trust…

Whether it is business or personal, more and more human interaction is happening in an online environment. But, how do you know if you can trust the person on the other end of the connection? The simple answer is most people don’t.

Great article from Florida State 24/7

How corporate America can fight cybersecurity threats

Companies must also address the non-technological tools of cybersecurity. For example, current and former employees are the most frequently-cited culprits in cyber breaches. That’s Shuyuan in actionwhy companies at the forefront of tackling the problems are going beyond a compliance checklist approach to an information security approach. They are developing broader data governance policies and practices to protect sensitive information. Thus, rather than key in on defending themselves from external threats, these companies are developing and implementing policies for the creation, use, storage, and deletion of information.

See the whole article in Fortune Magazine by clicking here.

The stakes continue to rise…

An international hacking ring has stolen as much as $1 billion from more than 100 banks in 30 countries including Russia, the U.S. and China in what could be one of the biggest banking breaches ever. Hackers used phishing schemes and other methods to infiltriate the banks’ systems and lie dormant gathering information about bank operations. Then, they steal funds by transferring money to fake accounts and dispensing cash from ATMs, according to a report that Russian-based Kaspersky Lab is to present Monday at a security conference in Cancun, Mexico. “This is likely the most sophisticated attack the world has seen to date in terms of the tactics and methods that cybercriminals have used to remain covert,” the lab’s Chris Doggett told The New York Times, which first reported on the incident. In one case, a bank lost $7.3 million through ATM fraud. In another case, a financial institution lost $10 million by the attackers exploiting its online banking platform. Most of the targets have been in Russia, the U.S., Germany, China and Ukraine. More from USA Today by clicking here.