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Cybercrime 4 articles

One billion data records stolen in 2014 data breaches worldwide

According to findings from cybersecurity firm Gemalto, one billion data records were compromised around the world by more than 1,500 data breaches in 2014. Even more shocking, the rate of data breach occurrences rose 49 percent and the amount of data stolen increased 78 percent, in comparison to 2013. Financial information access was not the main target of 2014’s data breaches, accounting for just 17 percent. Instead, hackers turned their attention to identity theft, accounting for 54 percent of the data compromised. While the decrease in finance-related theft seems promising, the increase in identity theft is a frightening outcome for everyday consumers. “Identity ... Read More

Five facts about cybersecurity we should learn after rash of 2014 data breaches

The massive data breaches of 2014 left many Americans aghast about the importance of cybersecurity and the difference it can make in millions of lives. Whether it is the data breach of a major retailer, leaving consumers’ personal and financial information vulnerable to thieves, or the hacking of an entire movie studio, resulting in the cancellation of an upcoming movie, cybersecurity plays an importanct role in our advancement as a society. However, many misconceptions have been thrown around in recent months as we all struggle to learn just what it all means. This year, in an effort to help followers of the ... Read More

Almost 65 percent of all U.S. households affected by massive JPMorgan data breach

According to a filing with the Securities and Exchange Commission (SEC), JPMorgan Chase & Co.’s data breach is far more expansive than previously expected after its announcement in July. The filing reveals that nearly 76 million households, the equivalent of 65 percent of all U.S. households, as well as seven million small businesses have had their name, address, phone number and email address compromised by cyber criminals. Despite the barrage of issues JPMorgan is currently facing, it claims “there is no evidence that account information for such affected customers — account numbers, passwords, user IDs, dates of birth or Social Security numbers — ... Read More

Target and Neiman Marcus executives explain their data breaches to the Senate Judiciary Committee

John Mulligan, Target Executive Vice President and Chief Financial Officer, started off his testimony to the Senate Judiciary Committee apologizing for the data breach that has exposed 110 million Target customers’ personal and financial information. “We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back,” Mulligan explained to the panel, which was conducting a hearing on the prevention of data breaches and cybercrime. The data breaches of Target and Neiman Marcus were the primary focus of the hearing. The Justice Department alerted the retail giant on the evening ... Read More