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
Prompted by a question from NDP MP Charlie Angus, the government was forced to acknowledge this week that at the very least, there were 1,072,999 instances where a Canadian’s private information held by various departments and agencies was lost, stolen or accessed by an unauthorized third party. Click here to read this recent article in the Huffington Post, entitled "Canada's Privacy Breaches: More than a million Canadians may have had data compromised".Read More
Canada's privacy commissioner Jennifer Stoddart wants the power to impose "attention-getting fines" when major corporations fail to protect Canadians' personal information. Her statement comes in the wake of massive security breaches first disclosed by Sony, which may have affected more than 100 million user accounts worldwide. Click here to read the complete article from The Globe and Mail, entitled "Canada's Privacy Commissioner wants hefty fines for data breaches".Read More