The WiKID Blog

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choicepoint-stiock-drops-10-percent-in-one-day

Posted by: admin 16 years, 3 months ago

As we have discussed elsewhere in this Blog, there is value in protecting your information assets. We've talked about the impact of information security breaches on stock price. Well, Choicepoint provides a good case in point. This was not a “hacker” attack as labeled in the popular press (further moving the definition of that word from its original meaning), but rather a traditional scam that took advantage of a lax credentialling process (yes, Irony with a capital I) that apparently is fax-based.

Security and Economics,
Authentication Attacks

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checkfree-breach

Posted by: admin 16 years, 3 months ago

Holy Cow.

Hackers on Tuesday hijacked the Web site CheckFree.com, one of the largest online bill payment companies, redirecting an unknown number of visitors to a Web address that tried to install malicious software on visitors' computers, the company said today.

First, I find it very hard to believe that you would hijack the domain for one of the world's largest payment processor and only try to install malware.

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brand-damage-stock-price-and-cockroaches

Posted by: admin 16 years, 3 months ago

Brand Damage versus Corporate Competence

Yesterday, Tim Erlin had an interesting and very thought provoking post about breach and brand damage.. Tim rightly takes offense at the idea of the infinite "brand damage" often used to sell information security products. With as little as infosec geeks know about marketing, it's probably best to avoid that phrase altogether. A "brand" is a nebulous idea at best and security probably does not matter at all in most brands. I think it is also hard to try to tie stock performance to brand value. There a lots of great stocks that sell commodity goods. If Exxon/Mobil had a security breach when oil was at $30/barrel, how would you measure the impact of the breach as oil goes to $60?