Business News for Technology Decision-Makers
NewsFactor Network Sites:   NewsFactor.com Security CRM Business Sci-Tech Newsletters XML/RSS Feed  
   
Home Business Briefing E-Commerce Small Business Tech Trends More Topics...
Network Security
Average Rating:
Rate this article:  
The Worst-Case Hack Scenario The Worst-Case Hack Scenario
By Jack M. Germain
January 23, 2006 10:00AM

Bookmark and Share
Today's CIOs are more keyed in than ever on the risks that hackers pose, said Paul Stamp, an analyst at Forrester Research. That focus has strengthened the defenses around company perimeters and shifted focus somewhat to threats from within.
 


A flurry of data Relevant Products/Services breaches at major corporations late last year seemed to confirm a growing consensus among computer-security experts that 2005 was the worst year yet for such transgressions.

Incidents at Marriott International, Ford Motor Company, and ABN Amro Mortgage Group served as eerie reminders to CIOs that they could be the next victims of thieves looking to poach Social Security and credit-card numbers, or of business-process breakdowns that cause sensitive information to fall into the wrong hands.

Most CIOs will tell you that getting hacked is inevitable. But there is getting hacked, and then there is getting sacked.

As the volume of information increases and criminals grow more brazen, the chances of companies suffering a worst-case scenario seem less remote every day. Part of any CIO's duty is to convince the boss that the company is ready for the very worst security crisis imaginable.

Tales of Tech Terror

An example of just how easily a security problem can hit a company is the data breach Ford Motor Company reported in the first week of January. Ford officials reported the theft of a computer with files that have the names and Social Security numbers of approximately 70,000 current and former employees of the company.

Adding insult to significant injury, that theft had nothing to do with network Relevant Products/Services intrusion or social-engineering tricks typically employed by data thieves. Neither did the disappearance in December of a box containing information on some two million customers of ABN Amro Mortgage Group, one of the nation's largest mortgage lenders.

ABM Amro's customers learned that their Social Security numbers and other personal information were lost by a DHL courier on the way to the credit bureau Experian. A month later, a DHL worker found the unlabeled carton of data in the same DHL facility where it had been lost.

Meanwhile, someone at the corporate offices of Marriott Vacation Club International, in Orlando, Florida, either misplaced or removed computer backup tapes containing data about some 206,000 associates, timeshare owners, and customers. The company reported the missing tapes in late December.

Marriott officials mailed notifications to the affected people. In an effort to quell panic about possible identity theft, corporate officials said that the tapes require specialized equipment to read their content. Marriott is investigating how the tapes went astray and will monitor for unusual activity or possible misuse of the data. (continued...)

1  |  2  |  3  |  4  |  Next Page >

 

Tell Us What You Think
Your Comment:



Advertisement


 Network Security
1.   China Cyberattacks: Pervasive Threat
2.   Patch Tuesday Will Tie MS Record
3.   Cybersecurity Appears Hot for 2010
4.   EPIC Objects To Google-NSA Ties
5.   Torrent Traps Used To Harvest Logins


advertisement
EPIC Objects To Google-NSA TiesEPIC Objects To Google-NSA Ties
Cyberattack meant to rattle Google?
Average Rating:
Torrent Traps Used To Harvest LoginsTorrent Traps Used To Harvest Logins
Web sites sold with backdoor access.
Average Rating:
Social Networks: A Hacker's DelightSocial Networks: A Hacker's Delight
Workers urged to be 'trained skeptics.'
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Mobile Enterprise Spotlight
Analysts See iPad Price Drop, with Some Cannibalization
Just weeks before Apple officially rolls out the iPad, financial analysts are making pricing predictions. But could the analysis itself hinder the initial demand for the pricey tablet computer?
 
Bar Codes Go Mobile, Get Hip Again
For decades, retailers have used patterns of black dots and lines to encode data onto products. Now, bar codes are gaining favor as an easy way for cell-phone users to view ads and other data instantly.
 
'Dead Simple, Dirt Cheap' JooJoo Tablet Shipping Soon
The JooJoo, a web-browsing tablet device that is the subject of a high-profile legal dispute, appears on track to reach buyers at the end of February, but the tablet scene has dramatically changed.
 

Enterprise Technology Spotlight
Google May Add Facebook, Twitter Links to Gmail
Google will reportedly roll more social-networking features into Gmail, the fastest-growing e-mail service. The new features could save users the trouble of switching to Facebook or Twitter.
 
IBM's New POWER7 Servers Save Energy with Big Loads
IBM has unveiled high-capacity servers that are the first to be based on its new, multi-core POWER7 chip. It said the new line is designed "to manage the most demanding emerging applications."
 
IBM Opens Eco-Friendly, Cloud-Focused Data Center
IBM has opened its latest data center in North Carolina. Big Blue said the $362 million facility in Research Triangle Park is designed to support cloud computing and other new computing models.
 

Navigation
NewsFactor Business
Home/Top News | Business Briefing | E-Commerce | Small Business | Tech Trends | Mobile Industry News | Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | Free Whitepapers | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2010 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo.