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The recent rash of high profile security breaches, data loss incidents and associated fraud highlights the fact that the security industry is failing to meet the threats. Just like the detectives do on weekly television crime dramas, put yourself in the mind of the bad guy. Pretend that you're the criminal who brokers stolen personal information with organised crime syndicates overseas. Put yourself behind the eyes of the malicious hacker who plans to breach merchant networks and compromise wholesale volumes of consumer payment card information, the kind of information that can be bartered within the internet's dark underbelly. Symantec has found that nearly 80 percent of businesses surveyed in Australia have had some form of data breach. Security experts at McAfee and IBM admit customers are yet to fully grasp the importance of data management despite stronger regulation and a series of highly publicised breaches.
When companies suffer security breaches, it is how they handle them - and the customer - that counts. The State Senate in California has passed measures that require more extensive notification to consumers of data breaches, establish a central reporting center for breaches, and permit local prosecution of identity theft in the nation's most populous state. The number of companies, government departments and public bodies that have breached data protection rules is "horrifying", a new report says. Enterprises still seem to have turned a blind eye to the vulnerability that exists when information, in document and spreadsheet form, leaves the company via email and laptops. The anonymity and universal access of cyberspace makes cybercrime attractive and easy. At the rate data breaches occur, it might be easier for everyone to just post their private information straight to the web. The insider threat is the main security risk enterprises face -- insider incidents from using system administrator or privileged account access are responsible for nine out of 10 breaches in data security. The European Commission's security advisor says that imbalances between member states must be ironed out and the reporting of security breaches must become mandatory in order to tackle the threat of cyberattacks. Local authority races to upgrade its system security as the second teenager in five months breaches its network defences, copying 55,000 records Australian organisations are increasingly concerned about the amount of legitimate emails blocked by spam filters, a new survey has found. Warnings should have been flagged up to avoid the transfer of unencrypted .data Hyarchis has described the formal warning issued to it by ACMA over alleged SMS spam as a ‘slap in the face’ that sets a dangerous precedent for the entire web marketing industry.
The scale of electronic crime is incalculable because of inadequacies in the reporting system, according to the European Union's IT security unit. The Information Commissioner has finally got his wish, increased powers totackle data breaches As the dust settles from one of the largest data breaches since TJX, few fresh details emerged one day after Hannaford Bros. supermarket chain revealed that intruders stole some 4.2 million credit and debit card numbers from its computer systems. Security vendors highlight growing threat of internet-based malware.