Why we are ‘in the dark’ as RSA 2014 gets under way
February 25, 2014
By Byron V. Acohido
SAN FRANCISCO — Complexity.
That’s the theme saturating the keynote speeches, workshops, panel discussions and product exhibits at the gaint RSA cybersecurity conference unfolding all week here at the Moscone Convention Center.
Tech security vendors flock to this massive conference to drive home why enterprises and SMBs were wise to spend north of $64 billion on cyber security protections in 2013, a spend rate expected to rise 8.7% annually through 2017. That estimate comes from Gartner analyst Lawrence Pingree.
The IT buyers come to Moscone Center prepared to swim through an ocean of tech jargon and marketing hype. They must assess risk, triangulate exposure and — crucially — decide how much to invest in cutting-edge cybersecurity technolgies that can detect and repel intruders.
As a backdrop, hacking for criminal profit, nation-state spying and the making of ideological points, aka hacktivism, continues to steadily escalate. By one estimate, cyber crime is a $500 billion global industry.
Experts testify on true cost of Target breach
February 4, 2014
SEATTLE — Target CFO John Mulligan appeared before a U.S. Senate committee this morning to express that the retail giant was “deeply sorry” for losing 110 million customer records to hackers.
“We will learn from this incident and, as a result, we hope to make Target, and our industry, more secure for customers in the future,” he said.
Mulligan is right about lessons to be learned. And let’s hope that these public disclosures of the scale of daily cybercrime will help …More
Hacking of point-of-sales systems escalates
February 3, 2014
SEATTLE – Researchers at RSA’s First Watch cybersecurity team have unearthed evidence of another ring of data thieves focusing on retailers, akin to the gang that tapped into the point-of-sales systems at Target, Neiman-Marcus and Michaels. That gang used a memory parsing program called POSRAM. This most recently discovered ring of thieves makes use of a similar piece of malware dubbed ChewBacca. CyberTruth …More
Q&A: Why the U.S. lags in use of safer chip cards
January 31, 2014
SEATTLE – The customer databases at Target and Neiman Marcus were ripe targets for hackers because the U.S. is alone in wide use of magnetic-striped payment cards, which are easy to counterfeit. Come October 2015, the U.S. will shift to chip and PIN cards. CyberTruth asked Jeremy Gumbley, CTO of online payments processor CreditCall, to describe what this will means to U.S. consumers – and merchants.
A market for anti-NSA technology emerges
January 22, 2014
(Editor’s note: In this guest essay, Joe Franscella, senior director at tech PR firm Trainer Communications, advances the notion that a niche market for anti-NSA surveillance products and services may be taking shape.)
Since Edward Snowden blew the lid off the National Security Agency’s surveillance activities, a number of vendors, organizations and individuals have announced plans designed to disrupt the agency’s authority and cyber-surveillance operations.
John McAfee recently announced Decentral, a pocket-sized device to block NSA spying. Battelle Memorial …More
Target customers advised to be vigilant
January 10, 2014
The company said up to 70 million Target customers, not just 40 million, were affected. However, even though payment card numbers can be deactivated and replaced, the cyberunderground can still make use of the customer data in phishing scams.
Of particular concern are phishing phone calls in which the caller impersonates Target ir the …More
Consumers wake up to value of their online personas
October 23, 2013
CT: Do consumers have to get used to taking on more of a burden for protecting their privacy in the age we live in?
Kerrigan: Absolutely. We realized consumers, to adopt tools, don’t want to have to change their behaviors so our design point is clearly on making our …Morekeep looking »