General Keith Alexander, former director of the National Security Agency, said that cyber espionage is the greatest transfer of wealth in history. In 2012 when he made that statement, the the value of cyber industrial espionage on an annual basis was $338 billion. Per year. 5 years later I am sure that number is greater. […]
Continue reading → [DISPLAY_ACURAX_ICONS]In the ongoing Wikileaks Vault 7 series of leaks, there is a new leak called ExpressLane. According to the documents released by Wikileaks, the CIA offers a partnership with other law enforcement and government agencies in which those partners can share biometric data such as fingerprints with the CIA. The CIA does this by offering […]
Continue reading → [DISPLAY_ACURAX_ICONS]According to a KPMG survey of Financial Times 350 companies, 68% of the Boards have not received any training to deal with a cyber incident. This means that WHEN – and not if – a significant cyber event occurs, the board will have no plan in place to deal with it. This is distinct from […]
Continue reading → [DISPLAY_ACURAX_ICONS]This case of intrigue may seem like it belongs in a spy novel, but in this case, it is winding up in the Board Room and the court room. Here is the story. Chicago based Guaranteed Rate courted the employee of a much smaller rival mortgage company, Benjamin Anderson. While still employed at the smaller […]
Continue reading → [DISPLAY_ACURAX_ICONS]The European Union has passed a new privacy law called the General Data Protection Regulation and it goes into effect in May of 2018. For companies that do not do business or have customers in Europe, this regulation may not effect you. However, if you have customers in Europe, even if you do not […]
Continue reading → [DISPLAY_ACURAX_ICONS]And, I suspect, an attorney may be looking for a new job. About a week ago the New York Times disclosed that a former employee who was suing Wells Fargo Advisors (WFA) received data that he had not asked for – 1.4 gigabytes of data, actually. Data on, he said, over 50,000 high net worth […]
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