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What to do in the aftermath of the JPMorgan breach
/by RedSealCSO Magazine | Oct 3, 2014
The compromise of 10s of millions of JPMorgan Chase accounts poses the greatest risk of phishing attacks on consumers and small businesses, experts say.
“Any small business who is already a customer of JPMC should make sure all their employees are aware that the breach happened, and be specifically careful to make sure that anything that looks like communication from JPMC is actually from the bank,” Mike Lloyd, chief technology officer for RedSeal, said.
THIS IS WHY THE ENORMOUS JPMORGAN CHASE HACK IS SO SCARY
/by RedSealFast Company | Oct 3, 2014
An enormous privacy breach has compromised the bank accounts of 83 million JPMorgan Chase customers, including 76 million households, spilling out customer names, addresses, phone numbers, and email addresses.
“The fact that JPMorgan Chase could be breached should send a shiver of fear through every organization on the planet,” Steve Hultquist, chief evangelist at RedSeal Networks, said in an email sent to Fast Company.
3 money facts your phone knows about you
/by RedSealBankrate | Oct 1, 2014
Toting the details of your financial life around with you on a smartphone may be convenient, but it also puts that information at risk for anyone who gains access to that phone.
“Our whole lives are on our phones,” says Robert Capps, senior director of customer success at RedSeal Networks, a digital security firm. Which means our whole lives, including our finances, are up for grabs.
Technology Similarity Creates a “Groundhog Day” for Data Breaches
/by RedSealPaymentSource | Sep 22, 2014
Were the Home Depot and Target breaches the work of the same attackers? Only a few people seem to be in a position to know, and so far, they aren’t telling. However, we can still learn a lot from the similarity of the incidents. Read Dr. Mike Lloyd’s commentary on this topic in PaymentSource.
JPMorgan hackers altered, deleted bank records, says report
/by RedSealCNET | Aug 28, 2014
Investigation into attack on JPMorgan Chase may have expanded to seven of the world’s top banks, amid a report that hackers altered records.
“Getting access to bank records is uncommon but not unheard for hackers, who often change computer logs to cover their tracks but can’t always get to more sensitive data,” said RedSeal cybersecurity expert Robert Capps.
Data Breach-stricken UPS Unaware of PoS Malware for months
/by RedSeal| Aug 22, 2014
Just as news of one large point of sale (SuperValu) hack begins to recede, another pops up to reclaim the headlines. This time the victim is shipping giant United Parcel Service (UPS), which has confirmed a long-running data breach at 51 of its UPS Stores, across 24 states.
“This shows that sophistication of IT isn’t an inoculation against a breach,” said Steve Hultquist, chief evangelist at RedSeal Networks. “The combination of complexity and continuous change–including both growth and technological advancement–mean that it’s virtually impossible to be aware of all the potential paths of attack.”
Big Data Overwhelms Security Teams
/by RedSealeSecurity Planet | Aug 20, 2014
A major contributing factor in many recent data breaches has been the fact that many IT security teams are simply overwhelmed by the volume of data they’re handling.
Mike Lloyd, CTO of RedSeal Networks, said that kind of data provides IT security teams with a serious challenge. “I don’t meet any security teams these days that say, ‘You know, what I lack is data,'” he said. “In fact, we’re drowning in data. The problem is turning that data into facts you can use.”
Supervalu Discloses a Data Breach
/by RedSealNew York Times | Aug 15, 2014
“This looks much the same as the attack that impacted Target last year,” said Steve Hultquist, an executive at RedSeal Networks, a security firm. “These breaches continue to demonstrate the sophistication of the attackers and the reward they receive being worth the investment they make in their attacks.”
Tennessee Electric Sues Bank Over Cyber-Heist
/by RedSealInfoSecurity Magazine | Aug 14, 2014
Tennessee Electric Company (TEC Industrial) is suing its bank, TriSummit, after falling victim to a $327,000 cyber-heist. The attackers likely used password-stealing malware, and then logged in to the bank using TEC credentials to siphon the funds.
“This action underscores the increasing focus on responsibility for maintaining end-to-end security for customers,” said Steve Hultquist, chief evangelist at RedSeal Networks, in a comment to Infosecurity.
New security bug dubbed Backoff exposed
/by RedSealThe Green Sheet | Aug 1, 2014
The latest big breach apparently occurred at the nonprofit retail thrift store operator Goodwill Industries International Inc. The culprit: a new strain of malware called Backoff.
Ray Rothrock, Chief Executive Officer at enterprise cyber security company RedSeal Networks, said the security and retail industries are keen on fighting fraud, even if a modicum of complacency has set in with consumers and the mass media.
“I guarantee if you’re a CEO, you are worried about breaches,” Rothrock said. “In fact, a lot of people these days are being asked by their boards and senior management, assume we will be breached because we will be. What’s your plan of response and remediation for it?”