Archive for the ‘Data Breach News’ Category

Phishers Upgrade to Vishing: Phone Scams Target Your Identity

Monday, August 4th, 2008

By Rebecca Seaman By now, most savvy consumers are aware of Phishing Scams: emails supposedly sent from one of the entities we do business with asking us to verify our personal information by clicking on a link in the body of the email. We know that if our creditors or banking ...

Senate Passes Stricter Identity Theft Legislation

Friday, August 1st, 2008

  By Rebecca Seaman A modified bill that would allow victims of ID Theft to recoup costs in federal court and which would impose harsher restrictions on cyberattacks passed in the Senate this week. The bill, known as the Identity Theft Enforcement and Restitution Act, still needs to be approved by the ...

Data breaches up 69 percent this year; businesses account for one third.

Thursday, July 10th, 2008

By Rebecca Seaman Data breaches are on the rise, despite preventative measures such as state notification laws. Specifically, the Washington Post reports that data breaches reported by businesses, governments and universities are up 69 percent this year. Businesses alone accounted for a 27 percent increase in breaches, or one third of ...

Friday, June 20th, 2008

 by Doug Pollack Verizon Business Security Solutions recently released a study titled "2008 Data Breach Investigations Report" that looks at the causes of data breaches and prescribes recommendations for improving data security policies that can lead to data breaches. An article in CNET related to this study, "Reports examine causes and victims ...

FBI Prosecutes and Shuts Down “The Shadowcrew” Carding Forum

Monday, June 16th, 2008

By Rebecca Seaman While there are currently many Carding Forums operating on the web, the article Data Breaches: What the Underground World of “Carding” Reveals focuses on one particular organization whom the FBI managed to infiltrate and shut down: The Shadowcrew Criminal Organization. According to the Author; Kimberly Kiefer Peretti, ...

Notification not reducing ID theft

Friday, June 6th, 2008

by Doug Pollack A study published this week by Carnegie Mellon researchers concludes that data breach notification laws that have been enacted in 43 US states do not seem to be causing a decrease in the rate of identity theft. An article published in Infoworld reports that: "'There doesn't seem to be ...

International Carding Forums: Large-Scale Data Breaches for Sale

Wednesday, June 4th, 2008

 By Rebecca Seaman The Federal Bureau of Investigation recently released a report detailing a new trend in global organized cyber crime: Carding Forums. In these online forums where data is posted for sale much like one would post a sofa for sale on craigslist; the detailed financial and personal information of ...

Data breaches often lead to civil litigation

Friday, May 30th, 2008

by Doug Pollack Most of us by now have received at least one data breach notification letter that has stated that our personal information was lost or stolen. I received one just a month ago from a brokerage firm that I did business with years ago. Often, with high profile companies ...

Importance of Prompt Breach Notification

Saturday, May 24th, 2008

by Doug Pollack It was reported yesterday by TheDay in Connecticut that People's United Bank recently experienced a data breach that may affect hundreds of thousands of their customers. An affiliated third party had created unencrypted backup tapes with personal information of their customers and a box of these tapes was ...

Consumers Reaction to Data Breach Notification

Monday, May 12th, 2008

by Doug Pollack The Ponemon Institute recently published a report titled "Consumers' Report Card on Data Breach Notification" based on a survey sponsored by ID Experts. There has been a lot of research on the costs and impact of data breaches on the organizations that have exposed the data. There has ...