Citigroup has confirmed its consumer banking sites were temporarily offline Friday because of what a bank spokesman referred to as temporary outages. Hackers with Anonymous have claimed to be behind the attacks.
"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Verisign Inc. may have followed the letter of the law when revealing a series of breaches in an SEC filing. But the company that assures the flow of a hefty portion of Internet traffic should have been more forthright to ease the minds of its various constituencies.
Verisign, operator of two of the 13 root name servers that route traffic on the Internet, has revealed that outsiders attacked its computer network several times in 2010, but top management did not learn of the incidents until September 2011.
The hacking group Anonymous Brazil has targeted the websites of several of Brazil's top financial institutions, including Banco Bradesco and Banco do Brasil, with distributed denial-of-service attacks, leaving the sites in the dark, the Associated Press reports.
Organizations that have experienced a breach report that three lessons they learned were to limit the amount of personal information collected, limit sharing data with third parties and limit the amount of data stored, a new survey shows.
The University of Hawaii has agreed to settle a class action lawsuit involving data breaches affecting about 96,000. It agreed to provide those affected two years of free credit monitoring and credit restoration services.
Security and privacy officers for global organizations can expect increased work in protecting customer data if a proposed regulation introduced before the European Commission becomes law, cyber and privacy lawyer Francoise Gilbert says.