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Recent News on Security Breaches
- ENISA releases report on situation of implementation of e-Privacy Directive's data breach notification requirement (ENISA, Jan. 13, 2011) “ENISA reviewed the current situation in order to develop a consistent set of guidelines addressing the technical implementation measures and the procedures, as described by Article 4 of the reviewed Directive 2002/58/EC.”
- "EU Study Frowns over Data Breach Notification Rules. Cyber-security Agency Worries" (The Register, Jan. 14, 2011) New study identifies risk prioritisation, enforcement and resources as key issues. ENISA hopes research will help to develop best practice on breach notification and inform future decisions on whether EU rules, first to apply to telcos and ISPs, ought to
- Citigroup Cites $2.7 Million in Customer Losses From Hack (Wall Street Journal, June 25, 2011) Citigroup Inc. has told government officials that about 3,400 of the customers whose credit-card information was hacked have suffered about $2.7 million in losses
- Citigroup did little to assist victims of privacy breach, critics say (The Globe and Mail, June 24, 2011) 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 says hackers accessed bank card data (The Globe and Mail, June 9 & 14, 2011) About 1% of Citibank’s card customers were affected by the breach, which a report asserts had been discovered in May during routine monitoring.
- Preparation for hacker attacks helps in protecting, insuring firms (Business insurance.com, June 27, 2011) “Preparing in advance for a seemingly inevitable data breach will put a company in a better position to respond when its systems are attacked, as well as improve its position with insurers in seeking cyber risk coverage.”
- "Data Breaches a Symptom of a Bigger Problem" (Infosecurity-us.com, June 14, 2011) “Organizations that lack adequate security funding – especially small and medium-sized businesses – are being targeted by hackers because they are easy prey.”
- "Cybersecurity: SEC outlines requirement that companies report cyber theft and attack" (Washington Post, Oct. 15, 2011) “Cyberspies and criminals steal what is estimated to be tens of billions of dollars worth of data from U.S. companies each year. Yet experts say few companies report these losses to shareholders.”
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