1. Introduction
On October 3, 2013, The Adobe Systems Incorporated in the United States of America discovered that there was a cyber-attack on their network during its regular monitoring of security check. The hackers made it through breaking in to the network and stole the sensitive and personal data of the customers which includes encrypted credit and debit card information, illegal access of customer ID's and also source code of other various Adobe products like Adobe Acrobat and ColdFusion, ColdFusion Builder. On the companies saying that the hackers got access to the encrypted customers passwords and debit and credit card numbers too. There is also a huge loss of data occurred during this data breach which impacted immense number of people internally and externally.[1][2][3]
2. Financial Loss
According to Adobe initially it was said that over 2.9 million customers personal data has been breached during the cyber-attack by the hackers and is also believed to be that there is some data deletion done relating to the 2.9 million customers who were affected by this breach. The cybe...
However, I feel users had a different vision/perspective on security mechanisms and they trusted each other during those times and did not have to worry about protecting their information (this is how exactly, one person’s ignorance becomes another’s person’s - hacker, here bliss). This book helps us to understand the vulnerabilities; its impacts and why it is important to address/ fix those holes.
The Minneapolis based Target Corporation announced in December that criminals forced their way into the company’s computer system. The data breach compromised 40 million credit and debit card accounts of customers who shopped during the holiday season between November 27 and December 15, 2013. The data captured was far broader than originally imagined as hackers gained access to 70 million customer’s personal information including names, home addresses, telephone numbers, and email addresses. Additionally, expiration dates, debit-card PIN numbers, and the embedded code on the magnetic strip of the card were stolen.
Hacking into large companies or agencies to steal one’s card information has become simple. Lewis (2013) says that, “Hacking is incredibly easy; survey data consistently shows that 80 to 90 percent of successful breaches of corporate networks required only the most basic techniques“(p. 1). On November 27, 2013, Target’s security was breeched when forty million credit and debit cards were stolen. The breach lasted from November 27 to December 15, 2013.
Issa utilizes statistics to suggest ideas. He says, “The Office of Personnel Management’s security breach resulted in the theft of 22 million Americans’ information, including fingerprints, Social Security numbers, addresses, employment history, and financial records” (Issa). Issa also adds that, “The Internal Revenue Service’s hack left as many as 334,000 taxpayers accounts compromised‑though just this week, the IRS revised that number to o...
Identity theft has been a major issue of privacy and fraud. In the data breach analysis from the Identity Theft Resource Center (2013), the number of data breaches from the year 2005 to 2012 increased. In 2012, there had been 49% where the data breach exposed people Social Security Number. The data breach of 2012 has a rate of 27.4% caused by hackers. These breaches were commonly from 36.4% businesses and 34.7% health and medical (Identity Theft Resource Center 2013). The number of identity theft varies from physical possession to digital possession. At least one-fifth of trash cans contains papers listing people’s credit card number and personal information. People that throw away their trash mails contain much personal information that is useful to steal someone's identity (Davis, 2002). Technology becomes a need where people use it daily and as a result it has also become a use for identity theft as well. Throughout the years as technology develops so does identity theft. This paper shows the types, methods and technique used for identity theft, and it also examines possible risk of identity theft from current technology.
About 15 million United States residents have their identities and information used fraudulently each year. Along the use of their identities, they also had a combined financial loss totaling up to almost $50 billion. Major companies such as Apple, Verizon, Target, Sony, and many more have been victims of consumer information hacking. In each of the cases, millions of consumers’ personal information has been breached. In the article “Home Depot 's 56 Million Card Breach Bigger Than Target 's” on September 18, 2014, 56 million cards were breached due to cyber attackers. Before the Home Depot attack, Target had 40 million cards breached. Company’s information is constantly being breached and the consumers’ are the ones who end up having to pay the price. If a company cannot protect the information it takes, then it should not collect the information.
Lynn said that “ over the past few years, all manner of data has been stolen, some of it mundane, some of it concerning our most sensitive systems, including aircraft avionics, surveillance technologies, satellite communications, and network security protocols.” He also acknowledged that the Defense Department lost 24,000 files in cyber attacks by foreign intruders in March 2011.... ... middle of paper ... ...
AES distinguishes itself through developing new products and applications at a low cost. It is committed to social responsibility and empowering its employees through its four main principles which include integrity, fairness, social responsibility and fun. It is “different” from other corporations because AES is focused on retaining its core values and culture as the corporation expands in size. The company’s sources of sustainable competitive advantage include technical leadership through its innovative research and development team and its worldwide network of distributors and strategic partners. AES is committed to penetrating international markets, specifically in developing or emerging economies, and constantly improving on product development. The case states that AES believes their competitive advantage is a result of its “agility or speed and its ability to commit to corporate equity and to arrange complex financial transactions.”
Nowadays, hacking systems which get the data from payment card in retail stores is a popular issue. The use of stolen third-party vendor credentials and RAM scraping malwares were the main reasons for the data breach. A brief introduction of when and how the Home Depot’s data breach took place and how the home depot reacted to the issue and rectified it by
A Worldwide Problem Software piracy is defined as the illegal copying of software for commercial or personal gain. Software companies have tried many methods to prevent piracy, with varying degrees of success. Several agencies like the Software Publishers Association and the Business Software Alliance have been formed to combat both worldwide and domestic piracy. Software piracy is an unresolved, worldwide problem, costing millions of dollars in lost revenue. Software companies have used many different copy protection schemes. The most annoying form of copy protection is the use of a key disk. This type of copy protection requires the user to insert the original disk every time the program is run. It can be quite difficult to keep up with disks that are years old. The most common technique of copy protection requires the user to look up a word or phrase in the program's manual. This method is less annoying than other forms of copy protection, but it can be a nuisance having to locate the manual every time. Software pirates usually have no trouble "cracking" the program, which permanently removes the copy protection. After the invention of CD-ROM, which until lately was uncopyable, most software companies stopped placing copy protection in their programs. Instead, the companies are trying new methods of disc impression. 3M recently developed a new technology of disc impression which allows companies to imprint an image on the read side of a CD-ROM. This technology would not prevent pirates from copying the CD, but it would make a "bootleg" copy differ from the original and make the copy traceable by law enforcement officials (Estes 89). Sometimes, when a person uses a pirated program, there is a "virus" attached to the program. Viruses are self-replicating programs that, when activated, can damage a computer. These viruses are most commonly found on pirated computer games, placed there by some malignant computer programmer. In his January 1993 article, Chris O' Malley points out that if piracy was wiped out viruses would eventually disappear (O' Malley 60). There are ways that a thrifty consumer can save money on software without resorting to piracy. Computer companies often offer discounts on new software if a person has previously purchased an earlier version of the software. Competition between companies also drives prices low and keeps the number of pirated copies down (Morgan 45). People eventually tire or outgrow their software and decide to sell it.
In this case study, I aim to present the recent issue about Cyber security, protecting client’s private data and information through the controversial Apple and
On 5 October 2009, computer equipment from a network data closet was stolen from BCBST. The items stolen were 57 unencrypted hard drives which contained over 300,000 video recording and over one million audio recordings. According to Whitman & Mattord (2010), confidentiality, integrity, and availability makes up the C.I.A triangle which is the basis of Committee on National Security model for information security, an industrial standard, (Whitman & Mattord, 2010). Confidentiality can be a synonym for encryption but also means only the people with the correct permission can access the information. One of the major security issue is the hard drives were not encrypted. The hard drives should be encrypted to prevent people from reading the information the computer. Software can be purchased which will encrypt files on hard drive with such as Folder Lock, SensiGuard, Secure IT, and more. There are open source encrypting software which are free for use which could have been used. If the hard drives were not needed, the data should hav...
paid for. The pirate has a set of excuses for his actions: prices are too high;
The PC industry is just over 20 years old. In those 20 years, both the quality
...ng the companies brand image, individuals are tricked into providing sensitive information such as passwords, financial information, etc. This is a clear use of intellectual property being used in theft schemes for financial gain. Hacking is another common cybersecurity threat in which unauthorized access is gained into an individual's/company's computer system. When hackers enter company databases, they can gain a lot of information about the company, its trade secrets, its customers, etc. While many individuals may be affected by a breach, cutthroat competition (and thus hacking) usually starts at the corporate entity level. Corporations can be ruthless, using more common techniques such as espionage to gain the upper hand. Recently, the U.S. has had a major issue with Chinese hackers who were stealing a lot of American intellectual property.