Internet, Information Technology & e-Discovery Blog

Internet, Information Technology & e-Discovery Blog

Social changes brought about by the Internet & Technology

Category Archives: eCommerce

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Note to Ransomware Criminals – North Carolina Counties will not pay ransom…so go elsewhere!

Posted in Cyber, eCommerce
The New York Times reported that Mecklenburg County, North Carolina (which includes the city of Charlotte) refused to “pay a $23,000 ransom to a group of hackers who seized control of several government computer systems” and the County was operating without “the internet, civil servants were doing their jobs using “paper processes.””  The December 6,… Continue Reading

Are you kidding me? Only 15% of US companies have insurance for their data!

Posted in Cyber, eCommerce
One might conclude it makes a lot sense to insure business data after considering Tableau’s report that included Ponemon’s estimate that the “average total cost of a data breach was estimated at $3.62 million.”  The December 2017 report entitled “2018 Top 10 Business Intelligence Trends” included the #5 Rise of the Chief Data Officer (CDO)… Continue Reading

Uber paid a ransom to hackers who stole 57 million Uber records last year!

Posted in Cyber, eCommerce
The New York Times reported that Uber fired it security officer after “two hackers stole data about the company’s riders and drivers — including phone numbers, email addresses and names — from a third-party server and then approached Uber and demanded $100,000 to delete their copy of the data.” The November 21, 2017 report entitled… Continue Reading

FBI recommends two-factor authentication & training to thwart Spearphishing!

Posted in Cyber, eCommerce, Uncategorized
Among a number of recommendations to avoid Spearphishing (aka Business Email Compromise – BEC) the FBI recommends that “employees to use two-factor authentication to access corporate e-mail accounts.” The November 14, 2017 FBI News Report entitled “FBI Tech Tuesday—Digital Defense Against Business E-mail Compromises” included this advice about training employees to: watch for suspicious requests,… Continue Reading

100% of businesses affected by mobile malware (think BYOD)!

Posted in Cyber, eCommerce
Darkreading reported that every “business with BYOD and corporate mobile device users across the globe has been exposed to mobile malware.”  The November 17, 2017 report entitled “Mobile Malware Incidents Hit 100% of Businesses” included these comments: …BYOD devices are usually more susceptible to attack than corporate devices because they are not managed by such… Continue Reading

Whoa! Did you know that Equifax claims to own your data?

Posted in Cyber, eCommerce, Internet Privacy
In testimony before the US Senate we hear that “Equifax, and not consumers, that owns all the granular data collected about them, and that consumers cannot request to exit the company’s files.”  The Washington Post’s report on November 8, 2017 entitled “Equifax says it owns all its data about you” started with the comment that… Continue Reading

Think twice before relying on search engine results since they may have MALWARE links!

Posted in Cyber, eCommerce
Darkreading reported that criminals are “using Search Engine Optimization (SEO) to populate search results with malicious links and distribute the Zeus Panda Banking Trojan through a compromised Word document.”  The November 3, 2017 article entitled “Hackers Poison Google Search Results to Deliver Zeus Panda” included these comments: SEO enables hackers to make their links more… Continue Reading

New law may require Google and Facebook to disclose political advertising

Posted in Anonymous Internet Activity, eCommerce
The New York Times reported about a new “bill would require internet companies to provide information to the election commission about who is paying for online ads.” The October 19, 2017 report entitled “Senators Demand Online Ad Disclosures as Tech Lobby Mobilizes” included these comments: Senator John McCain and two Democratic senators moved on Thursday… Continue Reading

Supreme Court will consider a 1986 law about phone records and how it applies to emails in 2017 outside the US

Posted in eCommerce, Internet Access, Internet Privacy
The New York Times reported that the US Supreme Court will consider a case against Microsoft to “decide whether federal prosecutors can force technology companies to turn over data stored outside the United States.”  In 1986 Congress passed the Stored Communications Act (SCA) to control telephone records long before the Internet we know today, but… Continue Reading

Do you trust Equifax? Apparently IRS believes a new $7.25 million contract with Equifax is a good idea!

Posted in Cyber, eCommerce
Gizmodo reported that IRS supports its new $7.25 million contract with Equifax as a “no bid sole source” contract “to help verify US taxpayers’ identities” …and without which “would have prevented thousands of hurricane victims from obtaining much needed…. tax information.”  The October 5, 2017 story entitled “IRS Chief Says Aborting Equifax Contract Could Harm… Continue Reading

Surprised? Equifax learned about its cyber exposure in March, but failed to do anything!

Posted in Cyber, eCommerce
Rueters reported that former Equifax CEO Richard Smith (who retired suddenly last week) provided written testimony that “Equifax was alerted to the breach by the U.S. Homeland Security Department on March 9,…, but it was not patched.”  The October 2, 2017 report entitled “Equifax failed to patch security vulnerability in March: former CEO” included these… Continue Reading

Equifax confessed that it failed to protect personal data of 143+MILLION CUSTOMERS!

Posted in Cyber, eCommerce, Internet Privacy
The New York Times reported “that hackers had gained access to company data that potentially compromised sensitive information for 143 million American consumers, including Social Security numbers and driver’s license numbers.”  The September 7, 2017 report entitled “Equifax Says Cyberattack May Have Affected 143 Million Customers” included the bad news: Potentially adding to criticism of… Continue Reading

Google spent $19 million lobbying last year, is that good or bad?

Posted in eCommerce
Kenneth Vogel (no relation) reported in the New York Times that Google “ helped organize conferences at which key regulators overseeing investigations into the company were presented with pro-Google arguments, sometimes without disclosure of Google’s role.” The August 30, 2017 article entitled “Google Critic Ousted From Think Tank Funded by the Tech Giant” included these… Continue Reading

Here’s a good idea – don’t agree to cloud Click Agreements because the cloud is such a huge target for cybercriminals!

Posted in Cyber, E-Discovery, eCommerce
More businesses should use lawyers that understand how to negotiation cloud agreements because the Click Agreement don’t provide all necessary legal requirements given Cisco’s report that “The cloud is a whole new frontier for hackers, and they are exploring its potential as an attack vector in earnest…They also recognize that they can infiltrate connected systems… Continue Reading

No cyber insurance coverage for $800,000 loss for spearphishing (aka BEC -Business Email Compromise)!

Posted in Cyber, eCommerce
Businessinsurance.com reported that a court agreed with Traveler’s “which denied coverage on the basis the loss was not a “direct loss” that was “directly caused by the use of a computer” as required by the policy.” My friend Judy Greenwald wrote the article entitled “Manufacturer can’t recover spoofing email losses from insurer” about the ruling… Continue Reading

US Cyber insurance market exceeds $2.49 Billion!

Posted in Cyber, eCommerce, Internet Privacy
A report to the Cybersecurity (EX) Task Force explains the growth of cyber insurance to more than $2.49 billion in 2016 because “Cybersecurity breaches can cause a major drain on the U.S. economy”…and in particular “Financial Services Sector is perhaps the most under attack from cyber criminals.”  The August 6, 2017 “Report on the Cybersecurity… Continue Reading

Blockchain vs. the SEC – ICO (Initial Coin Offering) are securities!

Posted in eCommerce
The Securities & Exchange Commission (SEC) ruled that “…that issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. Those participating in unregistered offerings also may be liable for violations of the securities laws. Additionally, securities exchanges providing for trading in these securities must register unless… Continue Reading

Guess what? There will be increased cyber problems in 2017 including Ransomware, Malware, and IoT!

Posted in Cyber, eCommerce
Malwarebytes examined almost “one billion malware detections/incidences…in nearly 100 million Windows and Android devices…in over 200 countries” to make its 2017 State of Malware Report which included these three takeaways: Ransomware grabbed headlines and became the favorite attack methodology used against businesses. Ad fraud malware, led by Kovter malware, exceeded ransomware detections at times and… Continue Reading

FTC to the rescue with Cybersecurity roundtables for small businesses!

Posted in Cyber, eCommerce
The Federal Trade Commission (FTC) will have a series of public roundtables since companies “with only a few employees face unique challenges when it comes to cybersecurity. The July 20, 2017 announcement entitled “FTC to Host Cybersecurity Roundtables with Small Businesses” publicizes a new website launched in May Protecting Small Businesses focuses on “Cybersecurity”: Running… Continue Reading

Will IBM’s recommendation to encrypt the universe provide better cyber protection, or just profits for IBM?

Posted in Cyber, eCommerce, IT Industry
The Washington Post reported that “IBM argues that universal encryption could be the answer to what has become an epidemic of hacking.”  The July 17, 2017 article entitled “To battle hackers, IBM wants to encrypt the world” included these comment about IBM’s recommendations to encrypt the universe: …it has achieved a breakthrough in security technology… Continue Reading

Sales of Cyber insurance policies grow by 400% after ransomware attacks- soon to be as common as fire insurance!

Posted in Cyber, eCommerce
Reuters reported that Danish insurance company Tryg issued a second quarter report that it “sold 2,800 cyber insurance policies in the quarter, up from 700 between January and March.”   The July 11, 2017 report entitled “Tryg sees rapid rise in cyber insurance sales after Wannacry” included this comment from Tryg chief executive Morten Hubbe: We… Continue Reading

Cyber insurance premiums grew 35% in 2016 -over $1.3 Billion!

Posted in Cyber, eCommerce
A.M. Best reported that the top “cyber insurance writers have shifted away from writing packaged policies to standalone coverage by nearly a 70-30 split on the $1.3 billion of direct premiums written in 2016,…and this shift mainly results from many insurance companies realizing that tailored coverage forms addressing cyber liability risks separate from traditional insurance… Continue Reading