cybersecurity News

Zurich Says Its Policy for Sony Doesn’t Cover Data Breach

One of Sony Corp.’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute …

Sony Says Protecting Content Made It Hackers’ Target

Sony Corp. believes it was targeted by hackers because it tried to protect its intellectual property, CEO Howard Stringer told a shareholders’ meeting at which he sidestepped a call for him to step down over the incident. Sony has been …

Citi Skimped on ID Theft Protection for Data Breach Victims: Reuters

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates. Citigroup, which had over 360,000 credit card accounts exposed last …

Firms Shift Cybersecurity Responsibility to Frontline Employees

If your company gets hacked, it may very well be your fault, and if your bank account gets broken into by digital thieves, you might be to blame too. The question, though, is whether you’ll ever actually be punished for …

Individuals, Not Just Corporations, Face Cyber Risks

While the big news is about hacks into the CIA’s and Senate’s public websites, Citigroup and Lockheed Martin, tens of thousands of people are victimized by cyber criminals each year, sometimes with devastating effect. The FBI, which has a special …

Citi Says Hackers Accessed Bank Card Data in May

Citigroup Inc. said computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber attacks on high-profile companies. Citi said the names of customers, account …

U.S. Urges Code of Conduct for Internet Commerce

Companies using the Internet to do business should adhere to a code of conduct to reduce hacking and online theft, the U.S. Commerce Department said in a report issued Wednesday. The department recommended improved methods for authenticating identity in a …

Stigma Keeps Many Firms From Reporting Cyber Attacks

Wary of alarming customers, many firms never report the kind of cyber attacks suffered by Sony, Google and others — and as long as the stigma holds, tackling the growing problem may prove impossible. Data theft is a menace that …

White House Urges Congress to Act on Cybersecurity

The White House Thursday pressed Congress to pass strong cybersecurity measures to protect consumers’ personal information and safeguard the nation’s financial system and electric power grid from potentially devastating attacks. Several cybersecurity bills have limped along in Congress over the …

U.S. Shuts Down Massive Cyber Theft Ring

U.S. authorities claimed one of their biggest victories against cyber crime as they shut down a ring they said used malicious software to take control of more than 2 million PCs around the world, and may have led to theft …