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Marriott International’s acknowledgment that hackers had stolen records for more than 500 million customers over the past four years highlights the risk of exposure to cyberthreats during mergers. The data breach, which started in 2014, superseded the Marriott and Starwood merger,...
When Yahoo came clean on its back-to-back data breaches last year, Verizon had some soul-searching to do: Would it toss its hands up and walk away from the $4.83 billion deal, blow half a year studying the financial impact of the...
Cybercrime is quickly becoming a big business. CNN reported that back in 2014, a whopping 47% of US adults had some sort of personal information stolen by hackers. As cloud storage becomes more and more common, large businesses with few security measures...
Over the last year, several high profile data breaches have made headlines, exposing the personal information of millions. Here are some of the biggest security breaches, and what impact they've had on the companies and victims involved.
It's difficult to determine when, exactly, the first bank robbery took place in the United States. Some historians claim it was the Clay County Savings Association in Liberty, Missouri, on 13 February 1866. Other sources suggest it was on March 20, 1831 when James Honeyman and William J. Murray emptied the vault and several safety deposit boxes at the City Bank of New York. As an IT security professional, the Honeyman and Murray event is important to me, not just for the amount of money that was stolen ($52 million in today’s dollars), but for the method used.
As a lawyer, if you're not concerned about online security, or don't think a security breach could happen to you, then our latest Infographic might change your mind.
As corporations become more reliant on modern technology, they also become more vulnerable to online attacks. Corporate cyber crimes are on the rise, and can cause serious harm to an organization’s bottom line. In 2010, the Ponemon Institute estimated that the average cost to companies affected by cybercrimes was $3.8 million per year. That rose by a staggering 56% in 2011, to $5.9 million per year!
The BYODevice movement is gaining momentum. A recent survey found that by year end 2011, nearly half of all devices in the workplace were employee owned.