Links in “Cybersecurity/Data Breaches”
- “Like Drinking Freaking Vodka in Russia”: U.S. Busts Trio Behind JPMorgan Breach
Remember that breach of more than 83 million customers of JPMorgan Chase & Co. in 2014? The U.S. has charged three men with the crime. One of their schemes: They bought penny stocks, then used the stolen data to email likely buyers to persuade them to purchase the stocks, thereby driving up the price. Then the trio would cash out, leaving investors with significant losses. Was it difficult? "It's like drinking freaking vodka in Russia," one of them bragged. [11/11/15]
- 800 Million Apple Accounts Under Attack
A massive phishing scam is targeting the IDs, passwords, and credit card information of 800 million Apple ID accounts worldwide. The fake email looks official, complete with the Apple logo and headquarters address, and asks Apple account holders to provide additional information and to verify passwords and credit card information in order to fix an issue with their account. [11/10/15]
- We Only Think Our Passwords are Safe
Most of us think we are creating safe passwords, but only 6% of us are actually doing so. The average password is 8 characters and only 4.7% of consumers use special characters. The 20 most-visited websites are not helping. Apparently 17 of the 20 do not require a password to be a combination of upper and lower case letters, numbers, or special characters. Hereâs how to create a password that will provide maximum protection. [11/9/15]
- How You Avoid the Flu and How You Avoid Cyberattacks Have Much in Common
Overlooking effective, common-sense approaches to avoiding the flu can make you a grim statistic. The same with fundamental security controls. Take, for example, the Office of Personnel Management. [11/9/15]
- Average Data Breach Cost Company $1,000 Per Record
A recent study of insurance claims revealed that the average data breach compromises 3.2 million records and that each record that is compromised costs the company an average of $1,000 for notifications, legal fees, etc. Health care companies remain the number one target, but financial institutions are number two. [11/5/14]
- Shoring Up Against the 3Ds: Data Loss, Data Leak, Data Breach
Three examples of data threats and what your bank can do to proactively defend against them. [11/5/15]
- Brace Yourself for the Coming Cyber-Extortion Wave
Activists have reportedly stolen sensitive business and consumer data. Their modus operandi is to demand that a business take a particular action or release the data publicly. The FFIEC wants your financial institution to be prepared to face such a cyber-extortion attempt. [11/4/15]
- The Market for Stolen Data
The flood of breached data has depressed the market to the point where basic credit card info is worth only a few dollars each. But add date of birth, and the value jumps to $15 each. Throw in billing address, user name, and password, and the price goes up to $30-$45 each. Full banking services sell for about 8% of the account balance. [11/4/15]
- Consumer Use of Apps Rising, Along with Wariness, Lax Security
Consumers admit they may have themselves to blame for lax protection when using cloud-based apps, with 43% of those who have been breached admitting to opting out of certain security features that were available. Perhaps not coincidentally, their concerns about security when using cloud-based apps is rising. [11/3/15]
- Mobile Banking Malware Exploding
Mobile banker Trojans increased fourfold in just a single quarter. [11/3/15]
