In this week's breach roundup, read about the latest breaches, including a hacking incident in Iran affecting 3 million and an incident at Emory Healthcare involving 10 missing backup disks with information on 350,000.
A court has granted final approval of the settlement of a class action lawsuit against University of Hawaii stemming from five data breaches over a three-year period that affected nearly 96,000 individuals.
NIST's Ron Ross will be quite busy at RSA Conference 2012, not only promoting revised guidance on security and privacy controls to be unveiled at the securing conclave, but also participating in a panel on one of his favorite topics: continuous monitoring.
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.
People, as much as anything else, are a critical aspect of information risk management, and businesses and government agencies must monitor employees - and educate them, as well - to thwart a potential threat from within.
As organizations move to the continuous monitoring of their IT systems to assure they're secure, they rely much more on automated processes. But don't forget the role people play.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.
Here's why it's important to carefully consider offering free credit monitoring, as well as breach prevention details, to the victims of major information breaches.
According to FINRA, Citi's negligence in adequately supervising Tamara Moon, a former sales assistant at a Citi branch in Palo Alto, Calif., resulted in $749,978 being skimmed from the accounts of 22 Citi customers.
Documenting procedures for the State Department's custom-made, continuous-monitoring tool known as iPost will help ensure that the data collected are appropriately used to protect the agency's global IT system, a GAO audit says.
"The first step is for banks to admit there is a problem before they can address it, and many bankers are still in denial," says Shirley Inscoe, author of the book "Insidious: How Trusted Employees Steal Millions and Why It's So Hard for Banks to Stop Them."
"Any other bank could have just as easily been victimized," says banking fraud expert Shirley Inscoe, following the arrest of a former Citigroup executive charged with embezzling more than $19 million.
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