On October 11, 2012, Secretary of Defense Leon Panetta warned that the US is facing a danger which “could be as destructive as the terrorist attack on 9/11” and advocated measures to beef up our cyber security capabilities. Panetta conceded that most people think cyber security is more about preventing hackers from stealing identities and [Continue Reading]
As you may have heard by now, LinkedIn notified its users last week that it had been hacked. Out of about 150 million users, approximate 6 million had their passwords stolen and posted on a hacker web site. The breach of the social networking giant should come as no surprise – cyber criminals are sophisticated [Continue Reading]
Most owners and managers are at least partially aware of the direct dangers their companies face from cyber crime, whether the crime is committed by an outsider or an employee. As a decision maker, though, there is another source of cyber risk that you need to understand: third-party vendors. Vendors hold valuable, sensitive data Vendors [Continue Reading]
In the ever-evolving world of cyber crime, it’s important for corporate directors and officers to consider carefully the question of whether they should notify shareholders and potential shareholders of corporate cyber risk. The Security and Exchange Commission (SEC) thinks that, in terms of public companies, cyber attacks and hacking attempts should be reported to shareholders [Continue Reading]
Tuesday, January 29, 2013
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