Article archive

Cyber Terrorism - Lloyds

02/01/2014 18:18
Industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from behind their computer terminals. But with the insurance market yet to plug the gap between cyber and physical terrorism risk, the Lloyd’s...

Viewing Where the Internet Goes By John Markoff

02/01/2014 18:09
Will 2014 be the year that the Internet is reined in? When Edward J. Snowden, the disaffected National Security Agency contract employee, purloined tens of thousands of classified documentsfrom computers around the world, his actions — and their still-reverberating consequences — heightened...

Briar Group confirms it was source behind Seaport data breach By Ashley Troutman

02/01/2014 13:05
BOSTON (MyFoxBoston.com) -- After an investigation, the Briar Group, which runs eight restaurants and bars in the city, learned that their systems were infiltrated causing the data breach that affected hundreds who visited the Seaport area of Boston in November. Although the investigation remains...

Target Could Be Liable for $3.6 Billion from Security Breach - By Kevin Parrish

01/01/2014 11:55
This is just the beginning. Target said on Friday that it is actively partnering with the United States Secret Service and the Department of Justice on the ongoing investigation into the malware that affected Target’s point-of-sale system in U.S. stores. The company can’t say anything further,...

Stolen TARGET Credit Cards and the Black Market: How the Digital Underground works By Ken Westin

29/12/2013 07:19
With the Target data breach, many are wondering how criminals can profit from the use of the stolen credit cards. The card holders themselves will not be responsible for any of the charges, so how is it that criminals are able to make money from stolen credit cards? I have been involved with...

Barclays fined $3.75m after record-keeping failure

29/12/2013 07:03
Barclays has been fined $3.75m (£2.28m) by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data...

From online hacks to plastic fakes: The strange life of a stolen credit card - By Keith Wagstaff NBC News

28/12/2013 10:14
   Sven Hoppe / Sven Hoppe/picture-alliance/dpa/ A police officer holds a confiscated counterfeit credit card in Hamburg, Germany, in April 2013, after arresting four people suspected of counterfeiting many credit cards.   Six days before Christmas, Shaw Lash's debit card...

Insurance Questions, Lawsuits Arise in Wake of Target’s Data Breach - By Young Ha

24/12/2013 21:07
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits seeking class-action status have been filed against Target. And attorneys general from New...

2013: The Year of Privacy - By Omer Tene

22/12/2013 11:33
  If there ever was a “year of privacy,” surely it was 2013. A year that ends with dictionary.com selecting“privacy” as “word of the year;” with privacy making front-page headlines in The New York Times and The Washington Post—not to mention The Guardian—on a weekly,...

Target Data Breach Insurance Case Study - By Christine Marciano

20/12/2013 21:59
Target was targeted by data thieves starting on Black Friday during the most busiest holiday shopping season of the year (between Nov. 27 and Dec.15). It seems that data thieves did some shopping themselves for about 40,000,000 credit and debit cards. With 1,797 stores in the U.S. and another 124...
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