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JPMorgan Chase and at least four other financial institutions were hacked recently in a series of coordinated attacks, and investigators believe Russian hackers were the source of the attacks, a federal law enforcement official told USA Today. What is less clear is whether the attacks were prompted by U.S. sanctions against the Russian government.
Community Health Systems, which operates 206 hospitals around the U.S., announced today that in a recent data breach hackers stole data on 4.5 million patients, including names, Social Security numbers, addresses, birthdays and telephone numbers. The hackers did not steal information about patients’ medical histories, clinical operations or credit cards.
Security breaches cost organizations around the world millions of dollars each year. The average cost of each breach is upwards of $6 million according to a report from the Ponemon Institute, and perhaps more concerning, 50 percent of organizations surveyed were not confident in their security programs.
IN 2013, there were 1,367 confirmed data breaches impacting consumers’ financial information.
August 1, 2014
Consumers who are dissatisfied with how they are treated by their financial institution following fraud sometimes change providers, resulting in a global attrition rate of 23 percent.
Representatives from Tesla Motors Inc., say the company will be investigating and rectifying any vulnerabilities discovered as a result of a hacking contest in Beijing starting today, of which the Tesla Model S sedan is the key target.
Nearly 70 percent of critical infrastructure companies surveyed by Unisys and the Ponemon Institute suffered a security breach in the last year. According to the report, “Despite staggering statistics around the number of security breaches within these sectors, results showed that they gap between security concern and preparedness is overwhelming.”
As a child, I played soccer fervently. My father, a German immigrant to the U.S. who was very passionate about the sport, explained to me that there is no game that brings the world closer together.
The tool does not require identifying information, and it does not collect data without opt-in permission.
June 1, 2014
Tool users, including information-security, risk, financial and other senior executives, can input a range of expenses and estimated costs for either a specific scenario or actual breach, and the app, sponsored by Booz Allen Hamilton, would generate a comprehensive report explaining the total cost and enabling a cost-benefit analysis of security strategies.