Why Your Business Requires Security

The States and Federal Identity Theft and Privacy Protection Laws now require businesses, agencies and organizations of all sizes to protect all personal information they store, and report to all their customers whenever a breach occurs. The financial ramifications after having a data breach can be very substantial to both present and future business. In some many cases a company never does recover from a breach and is forced to close down. Currently, the average cost on a company is $3.7M per incident.

Author Archive

Apr
20

It’s 10pm, do you know where your PII is?

Posted by: | Comments Comments Off on It’s 10pm, do you know where your PII is?

The federal government recently published a guide on protection Personal Identifiable Information (PII). There are two aspects to PII that every company must be aware of:

1) What information information is considered confidential, &

2) Where this information is stored in the company. Read More→

Comments Comments Off on It’s 10pm, do you know where your PII is?
Apr
17

Tufin Survey Finds One in Six New York Teenagers Hack — And Rarely Get Caught

Posted by: | Comments Comments Off on Tufin Survey Finds One in Six New York Teenagers Hack — And Rarely Get Caught

(NOTE from the IDProtectionExpert: Here is an article that I wanted to share. The teenage hacker is alive and well.)

Ramat Gan, Israel, April 14, 2010: Tufin Technologies, the leading provider of Security Lifecycle Management Solutions, today announced survey results that reveal the hacking habits of 1000 New York City teenagers. Exactly half (50%) of US kids sampled revealed they’d had their Facebook or email account hacked, which may explain why 75% feel hacking is wrong and 70% think it should be considered a criminal offense. However, 39% of the teens surveyed think hacking is “cool” and 16%, or roughly one in six, admitted to trying their hand at it. Only 15% of the entire sample has either been caught or knows someone who has – particularly disturbing considering 7% of young hackers reported they did so for money and 6% view it as a viable career path. Read More→

Comments Comments Off on Tufin Survey Finds One in Six New York Teenagers Hack — And Rarely Get Caught
Mar
08

Power LogOn Secures the Cloud by Bringing Security Down to Earth

Posted by: | Comments Comments Off on Power LogOn Secures the Cloud by Bringing Security Down to Earth

Why are cyber thieves attacking the clouds? Because that’s where the information is!

Power LogOn by Access Smart® has proven itself to secure cloud application access without the high cost of ownership found in other security solutions. The cloud has helped make businesses more competitive, employees more efficient and consumers more connected. Cloud solutions are available for almost every business need: legal forms to healthcare patient records, accounting data to word-processing, CRMs to order processing.  With so much valuable data out in the clouds data, the allure is too great for cyber thieves.

Cyber attacks are becoming an epidemic. While companies are trying to add more backend security like firewalls, encryption and CAPTCHAs to protect their data, the user’s access point or “front door” is still being locked with a virtual hook and eye latch.

Read More→

Categories : Uncategorized
Comments Comments Off on Power LogOn Secures the Cloud by Bringing Security Down to Earth
Mar
04

The law may consider your business a bank!

Posted by: | Comments Comments Off on The law may consider your business a bank!

There’s an interesting post over at Krebs On Security talking about some poor company that is going bankrupt because TD Bank allegedly will not give them their money back after it was stolen out of their account. Now, I wish I could say this concept is totally foreign to me, but unfortunately this isn’t the first time I’ve heard this story. I’m under NDAs not to describe the people involved, or the bank involved, but the important details are nearly identical to this story. Why is this happening?

There is a little known code call the UCC (Uniform Commercial Code) that essentially says that if you are a business and you want to do wire transfers you are essentially to be treated as a bank. You are probably wincing right now, because it’s just as stupid as it sounds. Note that this is not true for consumers – but even if your business consists of even one person, you still are treated as a bank. As such, if your company has money wired out of it’s account, the bank isn’t to be held liable – or at least that’s been their argument. This is happening all the time, so why aren’t we hearing about it all the time? Well that leads me to the worst part of this story.

The banks have essentially two options if a company takes them to court. They can win the case, or they can lose the case. If they win, that leaves the company in question free to say and do whatever they want (as is the case with TD Bank above). If they loose the case, it essentially creates precedence and can open the bank to class action lawsuits to overturn the UCC. Either way, it’s a bad day for the bank. So they opt for the third choice which is to delay the inevitable. They make these poor businesses wait for sometimes years before they will begrudgingly settle for somewhere shy of the full amount. Sometimes companies just give up, and sometimes they take the money and sign the NDAs. Either way, that’s a much better outcome than letting something get litigated. So yes, those poor companies are getting the run around, and we don’t get to hear about it because at the end of the day they are all signing NDAs.

So, if you run a company, be prepared for the worst when it comes to how the bank is going to treat you if someone steals your money. There don’t appear to be any safeguards other than individual contracts you might be able to get your bank to sign and agree to. However, if anyone happens to work for a bank, and can guarantee that money held there will be treated just like physical cash (and reimbursed just like if it is stolen out of the vault), I’m sure companies would flock to you – I know a lot of small businesses that would like to know that their money is safe, and right now, it just isn’t with TD Bank and their ilk. In the meantime, I sort of hope some lawyer is salivating at the prospect of a class action suit.

Categories : Business Security
Comments Comments Off on The law may consider your business a bank!
Aug
25

Twitter, Facebook, etc. Cyber Terrorism

Posted by: | Comments Comments Off on Twitter, Facebook, etc. Cyber Terrorism

Phishing and Shear phishing emails from unknown babes and beef cakes want to frined you and they want you to click on the link to add. These people are trying to place a virus on your computer.

Don’t friend these people.

A tip off is you see how many people are following them it usually a very low number. You also want to be sure you have a strong anti-virus program to protect your computer.

Be careful of who you friend and if you don’t know them or they are not part of your circle don’t accept them. And no matter what don’t click onto any of their links or pictures.

Comments Comments Off on Twitter, Facebook, etc. Cyber Terrorism
FLEXCAP
SiteLock