Facebook is a majorly successful social network. Hundreds of thousands of people use the network each day to share information with their friends and participate in various online communities. The network is also popular amongst businesses, though not in the same way as it is with consumers. To many businesses, Facebook is a tool for social media marketing. It can be used to market to a specific demographic, or to investigate a potential hire. The latter purpose is becoming more commonplace, and Facebook is looking to put an end to…
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Zurich American takes Sony to court over data breach claims
A new court case between the Zurich American insurance company and Sony – its client – may set a precedent for future decisions made regarding an organization’s liability and coverage at the time of a data breach. The insurer has stated that it will not cover Sony’s costs for the many class-action lawsuits that have occurred following the massive database breaches it experienced earlier in 2011, and is seeking the support of the courts for its decision. Sony has already reported that it anticipates that the direct financial cost of…
Read MoreSony claims efforts to protect intellectual property made it a hacker target
Sony Corp. has announced that it believes the reason that hackers targeted its networks was because it was making attempts to protect its intellectual property. The announcement was made at a shareholders’ meeting for the company by its CEO, Howard Stringer, at the same time that he dodged a request for him to step down from his leadership position in the organization. Sony was attacked by hackers in April 2011, when 77 million user accounts were breached, allowing the attackers to gain access to the personal information within them. The…
Read MoreDemand for cyber insurance skyrockets following multiple high profile hacking attacks
Companies have been taking out hundreds of millions of dollars worth of cyber-insurance in order to help protect themselves after having witnessed the impact of a large number of high profile data attacks by hackers. Regardless of the fact that many policies still leave organizations vulnerable to claims, they are trying to gain the added protection of the insurance on top of their efforts to boost their other security efforts such as improved training for employee and human resource functions, and information technology practices. That said, some of the forms…
Read MoreBusiness owners may want to rethink cyber liability coverage
The age of technology brings with it risks that have never been faced before. As more businesses adopt technology and become ever integrated with it, they must protect themselves from malicious attacks. The concept of “cyber crime” has, in previous years, been of little concern. Companies both large and small have fallen prey to hackers but they often recover and improve their security methods. However, the recent and continuous attacks against tech giant Sony have spawned a new wave of concern amongst the world’s businesses. Now, protection from the very…
Read MoreSony gets hacked in latest ring of cyber crimes
Sony Corporation’s computer system is the recent prey of the latest attack launched by unscrupulous hackers. The group LulzSec claimed responsibility of the recent attacked. The incident proved that even Giant electronic companies like Sony are also vulnerable to different types of security infringements like hacking. LulzSec is the same group that also claimed to have made the attacks on world renowned television networks like Fox.com and U.S. PBS television. The server of electronic giant, Sony is its latest prey. LulzSec claimed it successfully hacked the server running the websites…
Read MoreCongress wants to take a bite out of cyber crime
It is possible that the U.S. could see the first strategic, cybersecurity law proposed, being up for a vote in Congress. No administration has ever suggested a major law, outlining specific plans for increasing computer security for citizens, businesses and government entities. An investigative report shows that data breaches reached an all time high last year, with more than 760 breaches. This may not sound too bad, but the number of affected records from that 760, equaled over 4 million. Cyber criminals have adapted to most types of security applications…
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