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The WiKID Blog

The WiKID Blog, musings on two-factor authentication, information security and some other stuff.

how-information-security-creates-value

Today I read a blog at NCircle (found via the prolific Adam Shostack) about security as a business enabler. It's an interesting post, but to me it shows that information security people often fail to understand how value it created.

majority-of-lexisnexis-breaches-the-result-of

As pointed out by Adam at Emergent Chaos:

The company said that the 59 identified incidents -- 57 at Seisint and two in other LexisNexis units -- largely related to the misappropriation by third parties of IDs and passwords of legitimate customers and stressed that neither LexisNexis nor the Seisint technology infrastructure was breached by hackers.

So, essentially, if LexisNexis had been using strong authentication for their customers, none of this would have happened.

fbi-director-robert-mueller-on-npr

Listen to the interview online..

identity-theft-hits-3-percent-in-2004

Security Focus has the article about the DOJ Survey on the number of US citizens hit by identity theft, but Security Curve puts it in perspective

higher-quality-info-will-cost-you-black-market

Check out the McAfee Avert blog for look at the black market for banking information. Accounts with high balances cost more, but have guarantees:

For such prices, the seller offers some guaranties. For example, the purchase is covered by replacement, if you are unable - within the 24 hours - to log into the account using the provided details.
So now the banks know how long they have to spot a compromised account to drive the profits out of the black market.

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