Market maintained its rally for the second consecutive day, supported by lower than expected inflation figures and weakening crude oil prices. The tremendous rally was led by banking, realty, power, oil, FMCG stocks. BSE Midcap and Smallcap index rose 1.63% and 1.08% respectively. ICICI Bank, HDFC, HDFC Bank, Jaiprakash Associates, Bharti Airtel, were the major contributors, which led the rally.T
A study by Verizon Business contends nearly 9 out of 10 data breaches could have been prevented with reasonable security measures in place. The study also indicates the great majority (73%) result from external threats. However, it is also pointed out that damages are usually greater from internal threats. A summary of the study can be found at -Data-Breach-Was-Probably-Avoidabl
In early trading in the forex market, the Indian Rupee (INR) breached the Rs. 43 to the US dollar mark. With the crude oil prices rising steadily week on week, the Indian Rupee is expected to further depriciate against the USD. For export houses which had aggressively hedged their positions in the forex derivatives market, this [...]
"Information Security Breaches Survey 2008" es una encuesta gestionado por PricewaterhouseCoopers en nombre del Departamento de Negocios del Reino Unido [Department for Business Enterprise & Regulatory Reform (BERR)], la misma es llevada a cabo cada dos años y tiene como objetivo tratar incidentes de seguridad que sufren las empresas, tanto grandes como pequeños.
El 2008 los resultados de la
An IT security specialist has warned Apple Mac and Windows users of potential security holes in Microsoft software.
Vulnerabilities can be found in Mac and Windows versions of MS Office and could be...
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PCI standards exist to keep credit card transactions and data safe. While some merchants are not yet PCI compliant, it turns out that even those who are may not have enough safeguards to ward off data breaches. Many retailers are beginning to go above and beyond the industry standards to further protect their customers' data.
News:
28-04-2008:
Yeah that's right, Pipes and PT have breached the 100 podcasts mark and they still have something to talk about. If you missed any you can check them out here:
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At least 8.3 million personal and financial records of consumers were potentially compromised by data spills or breaches at businesses, universities and government agencies in the first quarter of 2008, according to statistics released today. The San Diego based Identity Theft Resource Center said it tracked public reports of 167 data breaches in [...]
Over a five month period, Panda Security conducted several audits with a large state agency in the United States to assess the level of risk pertaining to hidden and undetected infection points. Due to the confidential nature of this customer, we cannot disclose the agency name. The information learned from this case is a great demonstration of [...]
The West Australian is reporting how second‑hand computers sold by the government may lead to data breaches.
An audit of disposed government computers—via donations, sales, and auctions—showed that sensitive and confidential information could be found in four out of ten computers. The information ranged from salaries and other details of public servants to government projects.
As pointed out by the auditor, the information found on these second‑hand computers could be used as the foundation for successful social engineering attacks, allowing criminals to carry out fraudulent activities.
The computers tested cost anywhere from $2 to $180 (I’m guessing Australian, which is currently pretty much at par with the US dollar). If one does the math, then,
The markets are trading deep in red on heavy selling seen in scrips across sectors. Nifty went to 4550, it is down 200 points. Sensex is down over 700 points breaching 15,000. Sensex has crashed below 15,000; it is the lowest level since August 2007. India markets are the worst performers in Asia underperforming all Asian peers.he 30-share BSE Sensex plunged more than 750 points on sustained selling pressure in heavyweights. All sectors are trading in the negative.The Sensex is currently trading lower at 14,999.16, down 761.36 points, or 4.83%, while the broad based NSE Nifty is trading at 4,536.50, down 209.7 points (10.38 a.m.).Out of the total 2,101 stocks traded, 235 advanced, 1,833 declined, while 33 remained unchanged.JP Associates is down nearly 9%, in the BFSI space HDFC and Relian
The stock market is in a tumult. Actually, it has been for about a year, ever since the subprime fiasco (anyone take a look at Moody’s performance over the past year?) Now that that particular issue has been beaten to death, other mortgage‑related issues are cropping up. Most of the stuff covered in the media is financial in nature, but some of those mortgage‑related issues do concern information security.
It’s no secret that there are plenty of companies in the US that discard sensitive documents by dumping them unceremoniously: leave it by the curb, drive it to a dumpster, heave it over the walls of abandoned property, and other assorted mind‑boggling insecure practices. In fact, MSNBC has an article on this issue, and names numerous bankrupt mort
WASHINGTON (Thomson Financial) - The euro broke the 1.50-dollar mark for the first time ever Tuesday following US economic reports that renewed fears the American economy could be falling into a recession.The European currency reached 1.5047 dollars at 2230 GMT Tuesday before falling back to 1.5017 dollars.Analysts say the euro was given a sudden boost from a better-than-expected German business indicator, which stood out amid a series of lackluster macroeconomic indicators in the United States.The greenback has come under pressure as traders believe sluggish economic reports could pressure the Federal Reserve to keep cutting US interest rates.Speculators generally prefer to invest or hold currencies in countries where interest rates are rising or expected to increase in they hopes they ca
Airports of Thailand (AoT) will take legal action to evict King Power from the commercial space it occupies at Suvarnabhumi airport.AoT board spokesman Chirmsak Pinthong said the board's investigation committee headed by former national police chief Pol Gen Pratin Santiprabhob had confirmed that King Power Suvarnabhumi Co, a firm under King Power International Group, had acquired the commercial space contract from AoT without undergoing scrutiny required under the Public-Private Joint Venture Act. The law requires in-depth scrutiny of every state project worth a billion baht or more. King Power Suvarnabhumi operates other commercial areas at the new airport, while King Power Duty Free Co runs the duty-free shops.The AoT committee alleged King Power Suvarnabhumi had concealed information to
At least, that is the conclusion that the Ponemon Institute has arrived at, according to various articles on-line. Among the findings:
Costs per breached record was $197 this year vs. $182 last year, an increase of 8%
Breaches by third parties such as consultants and outsourced contractors accounted for 40% of the data security lapses, vs. 29% and 21% in past years. Costs per breach were higher as well, averaging $231 per record
Notification costs are down to $15 per customer vs. $25 in 2006
The churn rate for companies hit with data breaches was 2.67% vs. 2.01% in 2006
That last statistic is actually quite significant, apparently. It’s a metric for measuring contractual customers or subscribers that leave a company. I assume it would be a better metric for financial service companies or companies that provide encryption services like AlertBoot, than a grocery store or a retailer where the concept of a “subscription” doesn’t really make se
Today's Salman Rushdie update takes us to Pakistan, where more money is being offered for his head, and Britain is being told the knighthood breaches a UN resolution (no less):
Pakistan has told Britain that Salman Rushdie's knighthood breaches a United Nations resolution aimed at calming tensions between different religions, The Observer has learnt. The highly unusual warning was made during a meeting with the British High Commissioner in Pakistan and reveals the extent to which senior Pakistani politicians fear the award will damage relations between the countries.
...
A well-placed source told The Observer that Brinkley was informed that Britain had acted against the spirit of UN resolution 1624. The resolution calls on all member states to 'enhance dialogue and broaden understanding' as a means to preventing 'the indiscriminate targeting of religions and cultures'.
This is Robert Brinkley, the British High Commissioner in Pakistan.
And this is from the MEMRI blog:
A group of
Last month, Security Fix wrote that scam artists were trying to steal the login credentials that law enforcement officers use to access their accounts at Accurint, a database operated by LexisNexis owner ReedElsevier that contains highly detailed and personal files on millions of Americans. It would seem as though those efforts have been [...]
Some 46,000 University of California, San Francisco, students, faculty and staff are being cautioned to stay on the lookout for identity theft after the school reported a possible data breach. In late March, UCSF determined that there may have been unauthorized electronic access to a UCSF computer file server located at the University [...]
In the five minutes it might take to read this article, about 672 electronic records containing confidential information will be compromised. By year’s end, more than 72 million records with Social Security numbers, credit card numbers, birth dates and other personal data will have been exposed. That rate is about 200,000 more records [...]
Network Instruments runs history through an IDS
Your intrusion detection system (IDS) may have just downloaded a new security rule, but you have no way of knowing if your network has already been hit by the exploit in a zero-day attack, says Network Instruments.…
Electronic records in the United States are streaming out of companies at a rate of 6 million a month this year, up roughly 200,000 a month from last year, according to a University of Washington researcher. The researcher says organizations that accidentally expose their data are often to blame due to administrative errors, [...]
More than 100 security breaches have been reported to the state’s Consumer Protection Division under laws that require businesses and government to let consumers know when their personal information may have been lost or stolen. Under North Carolina laws, state and local government and businesses must notify consumers if a security breach may [...]
Former vice president Al Gore was involved in a security breach at the Nashville Airport when an American Airlines employee led him and his entourage around security, a clear violation of policy. “There are no exceptions. Everyone must go through security,” airport spokesperson Lynn Lowrance said. Wednesday at the Nashville Airport, Gore arrived [...]
When author recently expressed his frustration that TJX’s stock hit a one-year high despite revelations of their recent huge security breach, datasecurity over at PCI Compliance Demystified responded by suggesting that the costs to TJX would be very high. So here’s a hypothetical to mull over, involving three situations: 1. A merchant not [...]
A sophisticated computer hacker had access to servers at wireless giant T-Mobile for at least a year, which he used to monitor US Secret Service email, obtain customers' passwords and Social Security numbers, and download candid photos taken by Sidekick users, including Hollywood celebrities, SecurityFocus has learned.read more | digg story
In spite of all the nifty security technology protecting networks and individual computers, there is still a serious breach in most IT operations--the human factor. In fact, 60% of the data losses in 2006 were due to human error. Read further to learn how to protect yourself and your company.
