New security bug dubbed Backoff exposed

The 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?”