Equifax is set to pay out as much as $700 million in a settlement after millions of people’s data — including in Canada — was breached in 2017. Equifax was hit by a major hack in 2017 that exposed the information of as many as 143 million Americans and 8,000 Canadians. The company said at the time that criminals had penetrated the data by exploiting an application between mid-May and July that year.Read More
Data breach affects more than 40% of Quebec-based credit union's clients and members. An employee with "ill-intention" at Desjardins Group collected information about nearly three million people and businesses and shared it with others outside the Quebec-based financial institution. The leaked information includes names, addresses, birth dates, social insurance numbers, email addresses and information about transaction habits.Read More
Companies purchased 159 drives at random on eBay, a mix of hard drives and flash (SSD) drives. After applying data recovery tools to those drives, they found that 42% of them had at least some data. Even more concerning, about three out of every 20 of the drives had personally identifiable information, including scanned images of passports and birth certificates, as well as financial records.Read More
An amendment to New Jersey’s data breach notification requirements of the Consumer Fraud Act, if signed into law as expected, will expand the definition of personal information to include “user name, email address, or any other account holder identifying information, in combination with any password or security question and answer that would permit access to an online account.” In turn, it would require businesses to notify consumers of online account security breaches – thereby eliminating a business’s ability, under the current law, to avoid notifying consumers when there is a breach of online information.Read More
There was no shortage of talking points on data protection in 2018, from concerns over data risk and compliance requirements to the challenges of operational complexities. When we surveyed some of the most prominent trends and themes from the last year, three topics stood out among the many facets of these core cybersecurity challenges: regulatory compliance, data breach protection and risk management.Read More
The CNIL, the French data protection watchdog, has issued its first GDPR fine of $57 million (€50 million). The regulatory body claims that Google has failed to comply with the General Data Protection Regulation (GDPR) when new Android users set up a new phone and follow Android’s onboarding process.Read More
The LTO program introduced a new capability with LTO 8 tape drives: the ability to write 9 TB (native) on a brand new LTO Ultrium 7 cartridge instead of 6 TB (native) as specified by the LTO 7 format. Such a cartridge is called an LTO Type M cartridge.Read More
By 2025, tape transfer rates are predicted to be five times faster than HDDs. Since tape capacity continually grows with the expanding need for data storage, many companies are choosing tape because it is not only the safest means for data protection but also the most affordable.Read More
Equifax Canada has revised the number of Canadians caught up in a massive data breach earlier this year, saying an investigation has found that more than 19,000 were affected. The company says an investigation has revealed that the credit card records contain names, addresses, credit or debit card numbers, expiry dates and Social Insurance Numbers.Read More
After a third party contractor mis-configured the settings of an Amazon.com cloud storage product, almost 50,000 Australians had their salaries and passwords exposed, in the countries second largest data breach.Read More
This article describes how when data breaches occur, the people that have important personal details stolen are at risk of many years of possible Future Harm. You can read the full article, "Data Theft Today Poses Indefinite Threat of 'Future Harm'" by Farai Chideya at The Intercept.Read More
See the following recent article, "Hacked: The escalating arms race against cybercrime" in The Globe and Mail by Shane Digman, Sean Silcoff, and Rachel Silcoff. The article starts by considering the recent hacking of customer records at Home Depot, and discusses how three of the biggest corporate data breaches in history have happened in 2014. Data security has never been more important, and the attacks by hackers on corporate data have been relentless and increasing.
Click here to read the full article at The Globe and MailRead More
by Richard Blackwell, The Globe and Mail
Canadian businesses are pumping more money and resources into the battle against cyberattacks, taking action to ensure the security of corporate data.
The latest C-Suite survey of business executives shows that security budgets are increasing and firewalls are being beefed up, as anxiety over possible attacks on computer systems ratchets higher.
Indeed, the recent breaches aimed at customers of Target Corp., Home Depot Inc. and Apple Inc. have raised the profile of the issue to the point where many executives say they must act.
Almost half of those surveyed said they are more concerned about cybersecurity in light of the recent breaches.
Click here to read the full article at The Globe and Mail.Read More
by Katia Dmitrieva and Donal Griffin, Bloomberg
Jason Ferguson said the job was straightforward: buy a gambling company’s client data and flip it to a rival who could use the information to win new customers.
Instead, the story ended last month with a fleet of cars arriving outside his home in a cul-de-sac in a suburb of Brockville, a town three-and-a-half hours drive northeast of Toronto. The convoy included forensics experts and representatives of Paddy Power Plc, the operator of the largest online sports book in the U.K. and Ireland.
After Ferguson was shown court orders, the 40-year-old led the team to his basement, where they seized a hard drive and other equipment containing the names, contact details, addresses, dates of birth, and secret questions and answers for more than 600,000 Paddy Power clients that they later wiped clean...Read More
A survey estimated the total annual cost of digital data to be at €890bn.
Organizations are being urged to improve the security of their data, rather than focusing on devices or infrastructure.
Organizations possess massive amounts of information, such as confidential customer data, intellectual property and financial transactions. According to Symantec, digital information can account for almost half of an organisation’s total value. However that doesn’t always correspond to the efforts being made to keep it safe.
Click here to read more from the Silicon Republic article, entitled "890bn annual cost of data puts focus on securing information”.Read More
A data breach can be costly. Companies face notifying clients that their personal information has been compromised, offering credit protection services, hiring a crisis management firm and defending against lawsuits. People are just beginning to understand that this is a risk that can affect any business. Click here to read a recent CBC News article on this, entitled "Cyber insurance in demand after recent data breaches”.Read More