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Viewing posts from January, 2009

consumers-punish-companies-for-data-breaches

Posted by: admin 15 years, 7 months ago
From The Reg:

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customer-generated-content

Posted by: admin 15 years, 7 months ago

I'm extremely pleased with the recent customer growth we've had at WiKID. In particular, I'm pleased with the community that has developed, mostly on the #wikid IRC channel. While the PCI security requirements for merchants and payment processors continue to be a big driver for adoption of two-factor authentication, we see a great variety of deployment scenarios. We've tried to address the innumerable network configurations by writing what I think is a large number of how to add two-factor authentication to... whatever documents.

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could-two-factor-authentication-have-saved-7

Posted by: admin 15 years, 7 months ago

Well, it is hard to say since there is still debate about whether the alleged rouge trader worked alone, but there are reports that using two-factor authentication might have it harder for him to make fake trades that appeared to offset losses.

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data-leakers-suffer-8-percent-drop-in-revenue

Posted by: admin 15 years, 7 months ago

Computer World has an article about a recent study by the IT Policy Compliance Group which offers some interesting data points:

  • Organisations that experience publicly reported data breaches suffer an 8% loss of revenue.
  • Compounding the revenue and customer losses are additional expenses averaging US$100 per lost or stolen customer record to notify customers and restore data.
  • Best-in-class organisations are monitoring and measuring controls and procedures to protect sensitive data once a week, while most firms are conducting such measurements only about once every 176 days.
The full report is only available to members, which is too bad. It would be nice to see how many data points they had, etc to compare it to other studies that have analyzed the economic impact of security breaches. If any body has mroe info, please post in the comments!

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debian-cvs-server-compromised

Posted by: admin 15 years, 7 months ago

Hat tip to Chris Walsh at Emergent Chaos on the Debian server compromise. No information on wheter it was an authentication attack, like the last time in 2003.

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