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Archive for the ‘IT Security Frauds’ Category

Security Threats through Social Networking Sites

Social Networking Sites such as Facebook, Twitter have become increasingly popular, but so has security issues specific to these sites. Read more »

Secure your wireless router before it is too late

Most of us use wireless routers at office and home. While the office routers are generally secured (hopefully), most home routers are provided by broadband operators wih default configurations and passwords.  In a worst case it may happen that these are set as unsecured. There is increasing risk of an intruder using an unsecured network or hacking into a home wireless network and sending out malicious mails. Read more »

Data Breach Involving Financial Data

Financial Institutions have always been highly susceptible to data breaches and as per indicators the first half of 2010 has not been any different. Already 39 breaches have been reported by Financial Institutions, and considering that reported breaches form a tip of the iceberg in relation to total breaches, actual breaches are expected to be significantly higher. Read more »

Banks responsible for hacked customer accounts

A recent ruling by consumer court in Mumbai, India has held the bank responsible if it has not complied with regulations and the account holders money is fraudently transferred. Read more »

2010 Identity Fraud Survey Report – A snapshot

Javelin’s 2010 Identity Fraud Survey Report: Consumer Version provides tips and recommendations for consumers to help prevent, detect and resolve identity fraud. This study is designed to help consumers lower their risk of identity fraud by equipping them with the tools and resources necessary to detect and resolve this crime.

 

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A list of major security breaches of 2009

As we begin a new year, I thought it would be a good time to reflect upon some major information security breaches of 2009.   The list of the organizations involved makes this list very  interesting. What makes this list even more interesting is the analysis of the  breach- which indicates that the incidents could have been averted by adopting some fundamental security best practices.

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No Work No pay? Time to change the rules

In what is nearly comical for the type and nature of incident, telecom giant Avaya paid salary to an employee who never worked. Investigations reveal that it was a simple case of not deleting the name from payroll file. Read more »

Information Technology Act 2000 now with sharper teeth !!

The Information Technology (Amendment) Act, 2008 has come into force from October 27, 2009.  So what are the key changes that have happened?

 

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What does the largest credit card theft teach us?

A 28-year-old man was charged with the largest credit card theft ever in the United States, in which more than 130 million card numbers were stolen, the US Justice Department said. Albert Gonzalez, of Miami, Florida, and two co-conspirators were accused of hacking into the computer networks of firms supporting major American retail and Financial organizations and stealing data. Read more »

Another incident and more questions

Network Solutions had an IT Security incident in June this year that compromised more than 573,000 credit and debit cardholders. In what is becoming a very regular post incident debate the issue being asked is – Do certifications such as ISO27001, PCI really beef up IT Security in companies? Read more »