US health insurance firm Premera Blue Cross has revealed its IT systems were breached, exposing the financial and medical records of 11 million customers.
Premera Blue Cross said it discovered cyber attackers breached its systems in January 2105. An investigation showed the first attack took place in May 2014.
Security industry insiders are beginning to review and assess the latest PCI Compliance Report published by Verizon. Here to comment on this Report are three expertrs in the field of Information Security: Luther Martin, chief security architect, HP Security Voltage, Andrew Wild, chief information security officer, Lancope and Richard Blech, CEO of Secure Channels.
The tools and tactics being used to go after victims reveal growing sophistication, and gamers need to look out, security researchers say.
The enormous success which hackers have had extracting millions of dollars from individuals and businesses using ransomware appears to be driving more sophisticated tools and tactics from them.
The newly issued PCI Compliance Report from Verizon is quite telling as to how under-reported data breaches are globally.
Hackers are clearly ahead of where PCI-DSS compliance requirements are currently and the use of “Best Practices” in this industry, needs to be done by going above and beyond outdated standards.
A wealth of young security companies is trying to capitalize on businesses moving toward security platforms that help them respond more quickly when they suffer successful cyberattacks in hopes of limiting the damage they do.
These firms take varying approaches to cybersecurity, including analyzing suspected attacks, automating responses, encrypting to make data theft more difficult, and sorting through alerts triggered by other security platforms to help prioritize responses.
These startups are plowing fertile ground, with corporate customers eager to avoid destructive attacks that can hurt their brand names. At the same time customers are fighting ever more inventive adversaries whose exploits require new defensive approaches.
It is not a big secret that tensions between the U.S. government and tech community exist. President Obama acknowledged the government’s tenuous relationship with the tech community and Silicon Valley in an interview with Kara Swisher, a representative of Re/code.
“I think it is accurate to say that my relationship with the tech community and Silicon Valley historically has been very good. Many of these folks are my friends… but what is true is that the Snowden disclosures were really harmful in terms of the trust between the government and many of these companies in part because it had an impact on their bottom lines.”