Seemingly, every week there are new security breaches reported; recently Uber and PayPal both announced that customer data may have been stolen by attackers. In the case of Uber, 57 million passengers’ data may have been leaked. Further, Uber also paid $100,000 dollars to the attackers and requested they sign non-disclosure agreements. This indicates that Uber may have intended to illegally withhold the breach from its customers. PayPal, on the other hand, identified a possible vulnerability in TIO Networks and reported that 1.6 million customer records may have been exposed. TIO Networks is a subsidiary of PayPal acquired in July that mainly processes utility bill payments at kiosk locations like Rite Aid. While the complete details of these breaches have not been disclosed these events continue to articulate the need for companies to evaluate their cybersecurity programs.
Continuous security monitoring has become the new norm for employers as they battle today's growing cyber security threats. Not only do they have to worry about threats from the outside, they have to be concerned about internal risk from employees as well. With so much to do in IT security already, how can employers alleviate some of the burdens? Working with EiQ Networks is an optimal way to resolve your company's IT security concerns because we have the right people, process, and technology in place to make it happen.
It’s been a rough couple of weeks for Anthem as they remain in a constant loop of bad news. Clearly this will continue to stay newsworthy as the investigation deepens and the fall out continues. As we talked about last time, the data the hackers stole includes names, birthdays, Social Security numbers, street and email addresses, and medical IDs. Also included in the data leak is employment information and income. And as the headlines suggest, the cost of the data breach is likely to exceed $100 million.
The business capital of the world braced for a blizzard last week — and everything froze. Two feet of snow was expected in New York City (the actual totals were a lot lower), where Mayor Bill de Blasio banned non-essential vehicles from the road – including the city's arguably essential food delivery cars, trucks and bicycles.
Despite an onslaught of recent retail security breaches — including at household names like Target, Home Depot and SuperValu, - news reports such as Business Insider tell us that consumers are gearing up for a robust holiday shopping season. And Deloitte’s 2014 annual holiday survey sums it up nicely: “Consumers report that their holiday spending will be up this year, as they continue to change their shopping habits as well as their expectations of retailers.”
There is no doubt that security monitoring is important regardless or company size or industry. According to the respected Verizon 2014 Data Breach Investigations Report, “…we don’t see any industries flying completely under the radar. …everyone is vulnerable to some type of event.” The question is how to implement an effective program. Many companies jump into a project without considering managed security monitoring as an alternative to an in-house SIEM deployment.
“Theft of information assets, disruption of services and wrongful disclosure are believed to be the most serious cyber security threats to an organization’s information assets. The most serious consequences from a cyber attack or intrusion are the loss of intellectual property, productivity decline and lost revenue." - Ponemon Institute, 2013(1)