A recent report analyzing cybercrime that infected over 500,000 PCs pointed out that while “the primary targets appear to be financial accounts and online banking information, the group also has a range of options for further monetization of the infected computers.” The Proofpoint October 2014 report entitled the “Analysis…
Continue Reading Cybercrime report should be alarming to every Internet user in the world!
The conventional wisdom 20 years ago, before the Internet took over the business world, was that only about 10% of cyber crime was reported since companies did not want to admit they had been hacked. Obviously the current Internet business environment makes it almost impossible to keep cyber hacks from…
Continue Reading Does Current Cyber Crime Really Cause $2+ Trillion in Damages?
A former SEC Chair spoke at a Directors & Officers (D&O) insurance conference and said board members “should be knowledgeable about data inventories, where data is located and if it is protected, and use third-party services to test its safety” as reported by BusinessInsurance.com. Mary L. Schapiro (SEC chairman…
Continue Reading Cyber IT Risk Wake Up Time for Board Members!
With billions IoT devices now in place, and growing exponentially, apparently IoT manufacturers have not given a great deal of thought to security so the FTC recently urged Best Practices to IoT manufacturers as “part of the security by design process, companies should consider: (1) conducting a privacy or security…
BARRY BARNETT GUEST BLOGGER
Barry Barnett has been a Guest Blogger in the past, his Blawgletter provides great thoughts, and insights. I read his blogs regularly. Over the years Barry and I have had a number of cases together and he is an outstanding trial partner at Susman Godfrey.
Employers want to blame cyberthreats on bad guys but “the threat actually originates from within when employees’ ignorance and/or negligence opens the door for cybercriminals” as reported by Kasperky in “Top 10 Tips for Educating Employees about Cybersecurity.”
Phishing Scam advice is included in Tip #4:
Phishing remains…
Continue Reading 10 Cyber security tips all employees need to know, including Phishing Scams & BYOD
According to a recent Kaspersky Lab Report every “corporation, regardless of its size or industry, is at risk of becoming the victim of a targeted attack by a variety of threat actors including APT groups, politically-driven “hacktivists,” and more advanced cybercriminals, who offer their services for hire.”
The report entitled…
“Whether a cyber attack is covered by an insurance policy may depend on the motive for the attack and its perpetrator … as this will affect whether clauses and exclusions for cyber insurance can be considered”according to a recent report issued by the CRO Forum which was entitled “Cyber…
The American College of e-Neutrals (ACESIN) and the American Arbitration Association will conduct a training program entitled “Arbitrating in a Digital World – An eDiscovery Course for AAA® Neutrals” in 2015 in Los Angeles on February 19 & 20, Chicago on April 9 & 10, New York on…
Banque Cantonale de Geneve (BCGE) refused to pay a $11,779 (€10,000) ransom and as a result “an anonymous person or group using the Twitter moniker Rex Mundi said it had hacked the Genevan cantonal (state) bank’s servers and downloaded more than 30,000 emails by Swiss and foreign clients” according to…
Continue Reading Cyber Nightmare for Folks Hiding Money in Swiss Banks
