Scoular Company, a $6 Billion, 800 employee commodities trading company got bilked out of a little more that $17 million in a modified spear phishing attack. Simply put, the attacker generated emails over time last summer to the company’s CFO that looked like they came from the company’s CEO and their Auditor that instructed the […]
Continue reading → [DISPLAY_ACURAX_ICONS]Brenda Sharton, Senior Partner and member of the executive committee at Goodwin Proctor (see bio) wrote this week about director and officer personal liability for data security breaches. While no individual directors and officers have been held liable for the costs of a data breach yet, it is not for lack of trying. Ms. Sharton’s […]
Continue reading → [DISPLAY_ACURAX_ICONS]Pymts.com is reporting that the FBI says that most breaches are entirely avoidable. At the Online Trust Alliance’s Data Privacy And Protection Town Hall in New York City, FBI Special Agent George Schultzel said that over 90 percent of the companies who reported breaches to them had little to no security whatever. The FBI said […]
Continue reading → [DISPLAY_ACURAX_ICONS]UPDATE: In a post on Dark Reading, they have added a few more details. The breach, they say, started December 10th, about two months ago. They detected the breach on January 27th and notified customers 8 days later. Compared to other breaches, that is very quick. While they are calling this by that overused term, […]
Continue reading → [DISPLAY_ACURAX_ICONS]I just signed up for a cyber security newsletter with Mondaq, the big British publisher, and I got a confirmation email back after the signup. I get those all the time, so I didn’t really look at the email until later. Two things stand out in the email — First this: To choose your personal […]
Continue reading → [DISPLAY_ACURAX_ICONS]Last month I wrote a piece talking about the Business Software Alliance’s point of view of software piracy, which is guilty till proven innocent. As with any good story, there is often an opposing view and I came across one on Mondaq, the legal (among many other things) information publisher. The article, written by Steven […]
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