PwC and KPMG See Data Breach Costs Rising, Shifting
Recently, partners at global accounting firms PwC and KPMG confirmed the rising, shifting costs of poor security. Among the costs cited by Jimmy Sng, a partner in IT Risk Consulting at PwC, were...
View ArticleHackers Expose 450,000 Yahoo, Gmail, Hotmail Addresses and Passwords
Yahoo! users may want to change their account passwords following a public breach of more than 450,000 users’ details from one of Yahoo!’s databases late last night. According to a count by...
View ArticleAttacks on Law Firms Are on the Rise as Cybercriminals Seek IP
Last month a federal grand jury indicted three Pittsburgh residents for conspiracy to access a protected computer without authorization, for hacking into a law firm’s computer server and stealing...
View ArticleOnline Identity Theft Up 200% Since 2010 as Users Open More Accounts
In Q1 2012, cybercriminals traded 12 million pieces of personal information online — a 200 percent increase over 2010. Most victims were unaware their identity had been stolen until they were denied...
View ArticleMicrosoft Will Block Encryption Keys Under 1024-Bit in August Update
An important update from Microsoft due out in August could break some things for businesses who aren’t prepared. The update will block anything using a cryptographic key that is less than 1024 bits....
View ArticleMalware Lineup: New Moto Worm Variant; MS-CHAP Exploit Opens Wi-Fi
A new variant of the Morto worm has added file infection capability to its arsenal of weapons. While the original worm was able to compromise remote desktop protocol (RDP) connections by exploiting...
View ArticleDropbox Confirms Hack, Plans to Improve Security
Online storage company Dropbox has confirmed that it was in fact the victim of a hack last month in which usernames and passwords were stolen. Earlier this week the company admitted that a stolen...
View ArticleIdentity Theft Could Cost IRS $21 Billion Over Next Five Years
Criminals and cyberthieves continue to profit from vulnerabilities in the U. S. tax system. A new audit of the Internal Revenue Service has found the agency paid refunds to criminals who filed false...
View ArticleLinkedIn Reveals Data Breach Will Cost up to $4 Million in Near Term
Due to one of the year’s largest reported data breaches, business networking site LinkedIn has announced that it already has taken up to a $1 million hit. During its second-quarter earnings call last...
View ArticleLatest Phishing Campaign Targets ADP Payroll Customers
Cybercriminals are sending malicious emails that purport to come from payroll services firms in order to insert malware into the computers of payroll administrators from various companies, according to...
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