report 2008. electronic breaches top all records
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MOBILE FINANCES Mbanking on your cell phoneArticles | News
PAYMENT SYSTEMS LISTING All payment systems in Internet
EXCHANGE All exchange services in Internet
GAMBLING LISTING All casinos\bookmakers\Pokerrooms
CARICATURES Funnies in virtual economy
FRAUD Swindling know it, and what about you?Articles | News
FREELANCE Achieve a success with EcommerceFind job | Browse resumes
ANALYTICS They explain evolution of the EworldArticles | News
OTHER THEMES Articles | News
INTERVIEWS Exclusive for Ecommerce JournalArticles | News
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» Top Usd Traders VS GdpInvestment: battle of investmentprojects
» Will Goldman Sachs buySlovenian largest bank?
» Agony of Fannie Mae andFreddie Mac: mortgage giantsdelisted from NYSE
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» Android versus Windows Phone7 review: what really matters?
» PayPal educates consumers ononline security
» Cyber crooks robbed PayPalaccounts via flaw in the AppleiTunes
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» Gold soars to almost two weekshigh on warnings over globaleconomic forecast
» AVFinance: longterminvestments into high returns
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» Gold depreciates on positiveeconomic expectations
» FTC orders credit report resellers to audit their cyber security for20 years
» Microsoft offers throwaway andjunkyard emails
» Bank of America sells itsinsurance portfolio
» 32% of Americans stealneighbors’ WiFi with many of them eavesdropping
» FxEconomy: "We have reachedall the goals we have strivenfor..."
» LionFunds: "We offer the highest level of comfort...' Exclusiveinterview
» Panda Trade interview:"Weaimed at creating the mostprofessional project..."
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Last 6 months were full of news on all kind of frauds online. InternetRetailer.com has published an interesting article. So, according to the site 2008 saw more electronic records breaches than previous four years combined.
More electronic records were breached in 2008 than the previous four years combined, fueled by a targeting of the financial services industry, including credit card transactions with retailers, and a strong involvement of organized crime, according to the “2009 Verizon Business Data Breach Investigations Report.” What’s more, a massive 81% of affected organizations subject to the Payment Card Industry Data Security Standard had been found noncompliant prior to being breached. The second annual study is based on data analyzed from Verizon Business’ caseload comprising 285 million compromised records from 90 confirmed breaches. 31% of the breaches were in retail, and 93% of the compromised records fell into the category of financial services, which includes credit card transactions with retailers. The study revealed that companies fell victim to some of the largest cybercrimes ever during 2008, with 90% of these breaches involving groups identified by law enforcement as engaged in organized crime. Nearly nine out of 10 breaches were considered avoidable if security basics had been fol lowed, Verizon Business says. Most of the breaches investigated did not require difficult or expensive preventive controls: Mistakes and oversight failures hindered security efforts more than a lack of resources at the time of a breach, the company says. “The compromise of sensitive information increased dramatically in 2008, and it’s past time to be vigilant about enterprise security,” says Peter Tippett, vice president of research and intelligence at Verizon Business Security Solutions. “This report should serve as another wakeup call that good security and a proactive approach are paramount to running a business in this day and age—particularly since the economic crisis is likely to trigger a further increase in criminal activity.” The study also found that: • Most breaches resulted from a combination of events rather than a single action. 64% of breaches were attributed to hackers who used a combination of methods. In most successful breaches, the attacker exploited some mistake committed by the victim, hacked into the network and installed malware on a system to collect data. • In 69% of cases, the breach was discovered by third parties. The ability to detect a data breach when it occurs remains a huge stumbling block for most organizations. Whether the deficiency lies in technology or process, the result is the same. • Nearly all records compromised in 2008 were from online assets. Despite widespread concern over desktops, mobile devices and portable media, 99% of all breached records were compromised from servers and applications. • Roughly 20% of 2008 cases involved more than one breach. Multiple distinct entities or locations were individually compromised as part of a single case, and half of the breaches consisted of interrelated incidents often caused by the same individuals. • Tippett says that companies like Verizon Business, which aid other companies—including retailers—in protecting electronic information, are being constantly challenged. “Our task is not getting any easier; the sum total of information in the world grows continually and permeates everything we do and everywhere we go,” he adds. “While the majority of attacks remain rather mundane, the criminals are adapting to our current protection strategies and inventing new ways to attain the data they value.” Source http://www.internetretailer.com/dailyNews.asp?id=30196
Tags keywords: data breach | data security | online fraud | online hack | payment card | Verizon BusinessLogin or register to post comments | 1 point
Comments on Report: Fraud level of 2008 hit all the records
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Report: Fraud level of 2008 hit all the records
April 24, 2009 10:41am | Articles | Fraud |
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FIGURES
Data breaches inFrance wereuncovered in 92% ofcases
Breach Security Inc.:SQL injectionscompromised500,000 sites in2008
First Data says 86%of merchants careabout card securitybut…
Secure POS VendorAlliance underlinesneed for greaterpayment securitymeasures
Company executiveshas no singleopinion on IT security
PAYMENT SYSTEMS
ProPay launchessecurity solution toprevent cardholderdata from breaches
PCI does notguarantee security,learning lessonsfrom Heartland
Heartland believesitself to be innocentand will fightlawsuits
RBS WorldPay willprocess taxpayers’ payments for IRS
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BANKS
HSBC fined £3 millionfor outrageously poordata protection
Managers atDeutsche bank werefired for spying andbreaching datasecurity
Bank of Americaprotects transactionswith a new card
Deutsche Banklaunchesindependentinvestigation
First Data partnersReal, a part of retailgroup Metro AG
PLASTIC CARDS
PCI standard goingapart at the seams
Visa releases awhitepaper ofrecommendationsfor hotels to protectcard data
HPS raises securityissues and speaksabout better creditcard encryption
So, was there thirdpayment processorbreach or not? Visa’sevasive answers
TJX reachessettlement withstates on data theft
ECOMMERCECHECKED
McAfee study: onlinesecurity fears affectonline shopping
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Hyip weekly report – DX scam alliance
Mutual funds expenseratios are at thebottom for the 5 yearsperiod
FINRA wants toimprove broker historyservice BrokerCheck
FRAUD
Report: Fraud level of2008 hit all therecords
285 million recordshacked in 2008. 90%of these cases couldhave been avoided
ITRC reports 656admitted incidents in2008
Organized hackerattack or casualidentity theft: what’s the difference?
Struggle againstcyber crime requiresa proper legislation
ANALYTICS
Test your onlinebanking page tomake sure it ’s secure
Choose the right toolto protect youridentity!
How do creditreporting agencieswork?
Doomsdays of theInternet coming in2011
“Online & Mobile Banking Forecast:1994 to 2018" byOnline BankingReport
OTHER THEMES
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Attention, plastic cardowners! PCI standard
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Jware Technologieschooses Verizon tosupport certification
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Interview withHoracio Malvicino,managing director ofthe MBR DesignGroup
Interview withPanaMoney.Exclusively for theEcommerce Journal
Exclusive Interviewfor ECJ with SeniorDirector of MerchantServices at PayPal
Interview withAndrew Gilchristfrom NEOVIAFinancial. Exclusivelyfor ECJ
The ExecutiveManager of Aliativa Interview With SimonLorano
LAW ASPECTS
FTC orders creditreport resellers toaudit their cybersecurity for 20 years
Peertopeer industrydamages nationalsecurity and shouldbe regulated
Hundreds of Avivacustomers notified ofdata breach
Criminal recordschecks now can bemade online
Verizon to pay over$50 million to itscustomers for illegalInternet charges
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Part 10 Investing with Discipline and ConfidencePart 9 The significance of the administratorPart 8 Paying attention to the scams and scammersPart 7 Gaining interest with hyipPart 6 Securing your investment and payments
Part 1: The basics of ForextradingPart 2: Forex terminologyPart 3: Currencies traded on theForex marketPart 4: Forex trading risksPart 5: Creating your own Forextrading planPart 6: How to choose the rightForex broker?Part 7: Factors that influenceForex tradingPart 8: Fundamental analysisPart 9: Technical analysis andForex chartsPart 10: The truth behindautomated Forex tradingPart 11: How to start Forextrading?
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INVESTMENT INDUSTRY The whole industry from insideArticles | News
PAYMENT SYSTEMS Payment Systems and ecurrenciesArticles | News
FIGURES In ecommerce and money newsArticles | News
BANKS Know your financial partnerArticles | News
PLASTIC CARDS Why do we still use themArticles | News
ECOMMERCECHECKED Checked by our expertsArticles | News
MARKETS Be well informed about Stocks tradingArticles | News
MOBILE FINANCES Mbanking on your cell phoneArticles | News
PAYMENT SYSTEMS LISTING All payment systems in Internet
EXCHANGE All exchange services in Internet
GAMBLING LISTING All casinos\bookmakers\Pokerrooms
CARICATURES Funnies in virtual economy
FRAUD Swindling know it, and what about you?Articles | News
FREELANCE Achieve a success with EcommerceFind job | Browse resumes
ANALYTICS They explain evolution of the EworldArticles | News
OTHER THEMES Articles | News
INTERVIEWS Exclusive for Ecommerce JournalArticles | News
LAW ASPECTS Taste the spirit of the lawArticles | News
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» Lion Funds VS Permanent Profit: battle of investment projects
» Ur Inv VS King Invest Pro: battleof investment projects
» Instant Gains VS Astoria Fund:battle of investment projects
» Cxzco VS Oximo Funds: battleof investment projects
» Top Usd Traders VS GdpInvestment: battle of investmentprojects
» Will Goldman Sachs buySlovenian largest bank?
» Agony of Fannie Mae andFreddie Mac: mortgage giantsdelisted from NYSE
» Push notifications and newsearch were added to GoogleMobile App for iPhone
» Android versus Windows Phone7 review: what really matters?
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» Cyber crooks robbed PayPalaccounts via flaw in the AppleiTunes
» How to earn making moneyonline? Interview with pro HYIPinvestor
» iPhone 4 review. Tests, opinions, conclusions
» Gold soars to almost two weekshigh on warnings over globaleconomic forecast
» AVFinance: longterminvestments into high returns
Ads here just for $29 a week
» Gold depreciates on positiveeconomic expectations
» FTC orders credit report resellers to audit their cyber security for20 years
» Microsoft offers throwaway andjunkyard emails
» Bank of America sells itsinsurance portfolio
» 32% of Americans stealneighbors’ WiFi with many of them eavesdropping
» FxEconomy: "We have reachedall the goals we have strivenfor..."
» LionFunds: "We offer the highest level of comfort...' Exclusiveinterview
» Panda Trade interview:"Weaimed at creating the mostprofessional project..."
Ads here just for $29 a week
Subscribe to Ecommerce Journal
Enter your email address to get updates daily:
Subscribe
www.prodecor.chSwissService for firms, Programming,Solutions, Networking, VOIP.
Last 6 months were full of news on all kind of frauds online. InternetRetailer.com has published an interesting article. So, according to the site 2008 saw more electronic records breaches than previous four years combined.
More electronic records were breached in 2008 than the previous four years combined, fueled by a targeting of the financial services industry, including credit card transactions with retailers, and a strong involvement of organized crime, according to the “2009 Verizon Business Data Breach Investigations Report.” What’s more, a massive 81% of affected organizations subject to the Payment Card Industry Data Security Standard had been found noncompliant prior to being breached. The second annual study is based on data analyzed from Verizon Business’ caseload comprising 285 million compromised records from 90 confirmed breaches. 31% of the breaches were in retail, and 93% of the compromised records fell into the category of financial services, which includes credit card transactions with retailers. The study revealed that companies fell victim to some of the largest cybercrimes ever during 2008, with 90% of these breaches involving groups identified by law enforcement as engaged in organized crime. Nearly nine out of 10 breaches were considered avoidable if security basics had been fol lowed, Verizon Business says. Most of the breaches investigated did not require difficult or expensive preventive controls: Mistakes and oversight failures hindered security efforts more than a lack of resources at the time of a breach, the company says. “The compromise of sensitive information increased dramatically in 2008, and it’s past time to be vigilant about enterprise security,” says Peter Tippett, vice president of research and intelligence at Verizon Business Security Solutions. “This report should serve as another wakeup call that good security and a proactive approach are paramount to running a business in this day and age—particularly since the economic crisis is likely to trigger a further increase in criminal activity.” The study also found that: • Most breaches resulted from a combination of events rather than a single action. 64% of breaches were attributed to hackers who used a combination of methods. In most successful breaches, the attacker exploited some mistake committed by the victim, hacked into the network and installed malware on a system to collect data. • In 69% of cases, the breach was discovered by third parties. The ability to detect a data breach when it occurs remains a huge stumbling block for most organizations. Whether the deficiency lies in technology or process, the result is the same. • Nearly all records compromised in 2008 were from online assets. Despite widespread concern over desktops, mobile devices and portable media, 99% of all breached records were compromised from servers and applications. • Roughly 20% of 2008 cases involved more than one breach. Multiple distinct entities or locations were individually compromised as part of a single case, and half of the breaches consisted of interrelated incidents often caused by the same individuals. • Tippett says that companies like Verizon Business, which aid other companies—including retailers—in protecting electronic information, are being constantly challenged. “Our task is not getting any easier; the sum total of information in the world grows continually and permeates everything we do and everywhere we go,” he adds. “While the majority of attacks remain rather mundane, the criminals are adapting to our current protection strategies and inventing new ways to attain the data they value.” Source http://www.internetretailer.com/dailyNews.asp?id=30196
Tags keywords: data breach | data security | online fraud | online hack | payment card | Verizon BusinessLogin or register to post comments | 1 point
Comments on Report: Fraud level of 2008 hit all the records
Submitted by Juveinme on February 5, 2008 5:12pm.
» Login or register to post comments 0 points
Home
Report: Fraud level of 2008 hit all the records
April 24, 2009 10:41am | Articles | Fraud |
Tell us what topics you want to be covered in the Ecommerce Journal?
Type your topic here
Send suggestion
noi like sape.....their are more generously
Similar Articles on Ecommerce Journal by sections
FIGURES
Data breaches inFrance wereuncovered in 92% ofcases
Breach Security Inc.:SQL injectionscompromised500,000 sites in2008
First Data says 86%of merchants careabout card securitybut…
Secure POS VendorAlliance underlinesneed for greaterpayment securitymeasures
Company executiveshas no singleopinion on IT security
PAYMENT SYSTEMS
ProPay launchessecurity solution toprevent cardholderdata from breaches
PCI does notguarantee security,learning lessonsfrom Heartland
Heartland believesitself to be innocentand will fightlawsuits
RBS WorldPay willprocess taxpayers’ payments for IRS
ProPay will hostworld companies onData SecuritySummit 2009
BANKS
HSBC fined £3 millionfor outrageously poordata protection
Managers atDeutsche bank werefired for spying andbreaching datasecurity
Bank of Americaprotects transactionswith a new card
Deutsche Banklaunchesindependentinvestigation
First Data partnersReal, a part of retailgroup Metro AG
PLASTIC CARDS
PCI standard goingapart at the seams
Visa releases awhitepaper ofrecommendationsfor hotels to protectcard data
HPS raises securityissues and speaksabout better creditcard encryption
So, was there thirdpayment processorbreach or not? Visa’sevasive answers
TJX reachessettlement withstates on data theft
ECOMMERCECHECKED
McAfee study: onlinesecurity fears affectonline shopping
CHARGE Anywhere,payment services orpayment solutions?
Network Pay. Anetwork of paymentoptions
Electronic commerceaka ecommercehistory
BillMyParents: learnhow your parentscan pay for your eshopping
INVESTMENT INDUSTRY
NASDAQ washacked? Is it the timefor investors to panic?
Staff rearrangement atonline investment firmScottrade
Hyip weekly report – DX scam alliance
Mutual funds expenseratios are at thebottom for the 5 yearsperiod
FINRA wants toimprove broker historyservice BrokerCheck
FRAUD
Report: Fraud level of2008 hit all therecords
285 million recordshacked in 2008. 90%of these cases couldhave been avoided
ITRC reports 656admitted incidents in2008
Organized hackerattack or casualidentity theft: what’s the difference?
Struggle againstcyber crime requiresa proper legislation
ANALYTICS
Test your onlinebanking page tomake sure it ’s secure
Choose the right toolto protect youridentity!
How do creditreporting agencieswork?
Doomsdays of theInternet coming in2011
“Online & Mobile Banking Forecast:1994 to 2018" byOnline BankingReport
OTHER THEMES
HP offers newapplication securitysoftware
Attention, plastic cardowners! PCI standard
Online Mega Threatsand Mega Trends
Verizon will helpMonext, formerExperian to meetindustry standards
Jware Technologieschooses Verizon tosupport certification
INTERVIEWS
Interview withHoracio Malvicino,managing director ofthe MBR DesignGroup
Interview withPanaMoney.Exclusively for theEcommerce Journal
Exclusive Interviewfor ECJ with SeniorDirector of MerchantServices at PayPal
Interview withAndrew Gilchristfrom NEOVIAFinancial. Exclusivelyfor ECJ
The ExecutiveManager of Aliativa Interview With SimonLorano
LAW ASPECTS
FTC orders creditreport resellers toaudit their cybersecurity for 20 years
Peertopeer industrydamages nationalsecurity and shouldbe regulated
Hundreds of Avivacustomers notified ofdata breach
Criminal recordschecks now can bemade online
Verizon to pay over$50 million to itscustomers for illegalInternet charges
Battles of Investment Projects
Ecommerce Caricatures
Active forum topics
How to pay?
Where to exchange?
Where to play?
How to swindle a scammer
Latest Courses
Ads here just for $179 a week
Username: *
Password: *
l Create new account
l Request new password
Log in
Feed aggregator
More battles...
New Year resolutions in ecommerce
More caricatures...
more
» How To Make Private DomainName Registration Anonymous?
» Dozen and Column RouletteSystems Studio Review
» How do Blank Check Car LoansWork?
» Which Factors Affect the AutoLoan Rate?
» Question for lexus
» Buy Amoxicillin usacod,Amoxicillin no prescription
» goldenpeninvest goldenpeninvest.com, 1% hourlyfor 120 Hours, LR,PM
» Professional Roulette System :Ultimate Roulette Strategy
» Buy amoxil online.Buy cheapamoxil without prescription
» Buy Biaxin Online | BuyingBiaxin Online | What Is Biaxin Xl500mg
Ads here just for $179 a week
» Easypay
» Telepat
» Netpay
» Checkfree
» Els
» ECUmoney Ltd.
» Telecash
» Payspark
» Paytrust
» Rapipago
More payment systems...
» Extreme Xchange
» Nigeria EcurrencyExchange:NairaXchange
» PayPal<>WebMoney
» WebMoney.co.nz
» Exchange.dn.ua
» VinPort.net
» xGold.ca
» WMXpert Service Buy Online Webmoney (WMZ) via WesternUnion, MoneyGram, WireTransfer
» AutoExchanger.ru Ecurrencyexchange WMZ, WME, WMG,WMR, WMU, WMB, WMY
» EmoneyMarket.com
More exchangers...
» BlackJack Ballroom Casino
» 32Red Bingo
» Virtual City Poker
» Lucky Emperor Casino
» Parbet
» Linesmaker Poker
» Portofino Casino
» Desert Dollar Casino
» Admiral
» JackDaddys Poker
More gamblings...
Ads here just for $179 a week
Part 10 Investing with Discipline and ConfidencePart 9 The significance of the administratorPart 8 Paying attention to the scams and scammersPart 7 Gaining interest with hyipPart 6 Securing your investment and payments
Part 1: The basics of ForextradingPart 2: Forex terminologyPart 3: Currencies traded on theForex marketPart 4: Forex trading risksPart 5: Creating your own Forextrading planPart 6: How to choose the rightForex broker?Part 7: Factors that influenceForex tradingPart 8: Fundamental analysisPart 9: Technical analysis andForex chartsPart 10: The truth behindautomated Forex tradingPart 11: How to start Forextrading?
Affiliate with Ecommerce Journal© 2006 eCommerce Journal , All materials copied should be followed by a backlink to http://ecommercejournal.com/. Ecommerce Journal more about virtual economy|ecommerce news | articles | forex news | trading news | stocks news
| banks | payment systems | payment processors | plastic cards | ecurrency exchange | investment | cyber fraud | gambling news | poker news | casino news | betting news | news freelance | jobs | CV | ecommerce law aspects |
economic news | trading news | e commerce interview | merchant news | ecommerce history | business news | internet news
Any violation will be reviewed as crime and will be reported to corresponding law authorities. News sitemap
Today's news in Investment industry
Europe Inv VS Earn Hour: battle ofinvestment projects
Today's news in Payment systems
PayPal revenue will double to $7 billionby 2013
Today's news in Figures
31% of PCs protected with antivirus areinfected with malware
Today's news in Plast
Visa launches management
| More Tweet
Like
Subscribe to Ecommerce Journal RSS feed
Share this story
Twitter Facebook MySpace Delicious Digg Yahoo! Buzz reddit StumbleUpon Mixx Fark Propeller
LinkedIn More
What are these?
Buy ads here just for $5
Main page | News | Articles | Advertising | PR in ECJ | Forum | Contact us
Buy Liberty Reserve at 0% fee
Mobile Subscribe via RSS Twitter Bookmark
Ecommerce Journal AWARDS 2010
Subscribe more
Latest Articles
Monthly Hots
Latest News
Latest Interviews
PKR
Pacific Poker
Everest poker
PockerStars
Full Tilt Poker
PartyPoker
nmlkj
nmlkj
nmlkj
nmlkj
nmlkj
nmlkj
Vote
INVESTMENT INDUSTRY The whole industry from insideArticles | News
PAYMENT SYSTEMS Payment Systems and ecurrenciesArticles | News
FIGURES In ecommerce and money newsArticles | News
BANKS Know your financial partnerArticles | News
PLASTIC CARDS Why do we still use themArticles | News
ECOMMERCECHECKED Checked by our expertsArticles | News
MARKETS Be well informed about Stocks tradingArticles | News
MOBILE FINANCES Mbanking on your cell phoneArticles | News
PAYMENT SYSTEMS LISTING All payment systems in Internet
EXCHANGE All exchange services in Internet
GAMBLING LISTING All casinos\bookmakers\Pokerrooms
CARICATURES Funnies in virtual economy
FRAUD Swindling know it, and what about you?Articles | News
FREELANCE Achieve a success with EcommerceFind job | Browse resumes
ANALYTICS They explain evolution of the EworldArticles | News
OTHER THEMES Articles | News
INTERVIEWS Exclusive for Ecommerce JournalArticles | News
LAW ASPECTS Taste the spirit of the lawArticles | News
68 people like Ecommerce Journal .
Find us on Facebook
Ecommerce Journal
Thafseer Hadi Odunayo
Justin Abubakar Sonny
Like
Facebook social plugin
Ads here just for $29 a week
» Lion Funds VS Permanent Profit: battle of investment projects
» Ur Inv VS King Invest Pro: battleof investment projects
» Instant Gains VS Astoria Fund:battle of investment projects
» Cxzco VS Oximo Funds: battleof investment projects
» Top Usd Traders VS GdpInvestment: battle of investmentprojects
» Will Goldman Sachs buySlovenian largest bank?
» Agony of Fannie Mae andFreddie Mac: mortgage giantsdelisted from NYSE
» Push notifications and newsearch were added to GoogleMobile App for iPhone
» Android versus Windows Phone7 review: what really matters?
» PayPal educates consumers ononline security
» Cyber crooks robbed PayPalaccounts via flaw in the AppleiTunes
» How to earn making moneyonline? Interview with pro HYIPinvestor
» iPhone 4 review. Tests, opinions, conclusions
» Gold soars to almost two weekshigh on warnings over globaleconomic forecast
» AVFinance: longterminvestments into high returns
Ads here just for $29 a week
» Gold depreciates on positiveeconomic expectations
» FTC orders credit report resellers to audit their cyber security for20 years
» Microsoft offers throwaway andjunkyard emails
» Bank of America sells itsinsurance portfolio
» 32% of Americans stealneighbors’ WiFi with many of them eavesdropping
» FxEconomy: "We have reachedall the goals we have strivenfor..."
» LionFunds: "We offer the highest level of comfort...' Exclusiveinterview
» Panda Trade interview:"Weaimed at creating the mostprofessional project..."
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Last 6 months were full of news on all kind of frauds online. InternetRetailer.com has published an interesting article. So, according to the site 2008 saw more electronic records breaches than previous four years combined.
More electronic records were breached in 2008 than the previous four years combined, fueled by a targeting of the financial services industry, including credit card transactions with retailers, and a strong involvement of organized crime, according to the “2009 Verizon Business Data Breach Investigations Report.” What’s more, a massive 81% of affected organizations subject to the Payment Card Industry Data Security Standard had been found noncompliant prior to being breached. The second annual study is based on data analyzed from Verizon Business’ caseload comprising 285 million compromised records from 90 confirmed breaches. 31% of the breaches were in retail, and 93% of the compromised records fell into the category of financial services, which includes credit card transactions with retailers. The study revealed that companies fell victim to some of the largest cybercrimes ever during 2008, with 90% of these breaches involving groups identified by law enforcement as engaged in organized crime. Nearly nine out of 10 breaches were considered avoidable if security basics had been fol lowed, Verizon Business says. Most of the breaches investigated did not require difficult or expensive preventive controls: Mistakes and oversight failures hindered security efforts more than a lack of resources at the time of a breach, the company says. “The compromise of sensitive information increased dramatically in 2008, and it’s past time to be vigilant about enterprise security,” says Peter Tippett, vice president of research and intelligence at Verizon Business Security Solutions. “This report should serve as another wakeup call that good security and a proactive approach are paramount to running a business in this day and age—particularly since the economic crisis is likely to trigger a further increase in criminal activity.” The study also found that: • Most breaches resulted from a combination of events rather than a single action. 64% of breaches were attributed to hackers who used a combination of methods. In most successful breaches, the attacker exploited some mistake committed by the victim, hacked into the network and installed malware on a system to collect data. • In 69% of cases, the breach was discovered by third parties. The ability to detect a data breach when it occurs remains a huge stumbling block for most organizations. Whether the deficiency lies in technology or process, the result is the same. • Nearly all records compromised in 2008 were from online assets. Despite widespread concern over desktops, mobile devices and portable media, 99% of all breached records were compromised from servers and applications. • Roughly 20% of 2008 cases involved more than one breach. Multiple distinct entities or locations were individually compromised as part of a single case, and half of the breaches consisted of interrelated incidents often caused by the same individuals. • Tippett says that companies like Verizon Business, which aid other companies—including retailers—in protecting electronic information, are being constantly challenged. “Our task is not getting any easier; the sum total of information in the world grows continually and permeates everything we do and everywhere we go,” he adds. “While the majority of attacks remain rather mundane, the criminals are adapting to our current protection strategies and inventing new ways to attain the data they value.” Source http://www.internetretailer.com/dailyNews.asp?id=30196
Tags keywords: data breach | data security | online fraud | online hack | payment card | Verizon BusinessLogin or register to post comments | 1 point
Comments on Report: Fraud level of 2008 hit all the records
Submitted by Juveinme on February 5, 2008 5:12pm.
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Report: Fraud level of 2008 hit all the records
April 24, 2009 10:41am | Articles | Fraud |
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Data breaches inFrance wereuncovered in 92% ofcases
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First Data says 86%of merchants careabout card securitybut…
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Last 6 months were full of news on all kind of frauds online. InternetRetailer.com has published an interesting article. So, according to the site 2008 saw more electronic records breaches than previous four years combined.
More electronic records were breached in 2008 than the previous four years combined, fueled by a targeting of the financial services industry, including credit card transactions with retailers, and a strong involvement of organized crime, according to the “2009 Verizon Business Data Breach Investigations Report.” What’s more, a massive 81% of affected organizations subject to the Payment Card Industry Data Security Standard had been found noncompliant prior to being breached. The second annual study is based on data analyzed from Verizon Business’ caseload comprising 285 million compromised records from 90 confirmed breaches. 31% of the breaches were in retail, and 93% of the compromised records fell into the category of financial services, which includes credit card transactions with retailers. The study revealed that companies fell victim to some of the largest cybercrimes ever during 2008, with 90% of these breaches involving groups identified by law enforcement as engaged in organized crime. Nearly nine out of 10 breaches were considered avoidable if security basics had been fol lowed, Verizon Business says. Most of the breaches investigated did not require difficult or expensive preventive controls: Mistakes and oversight failures hindered security efforts more than a lack of resources at the time of a breach, the company says. “The compromise of sensitive information increased dramatically in 2008, and it’s past time to be vigilant about enterprise security,” says Peter Tippett, vice president of research and intelligence at Verizon Business Security Solutions. “This report should serve as another wakeup call that good security and a proactive approach are paramount to running a business in this day and age—particularly since the economic crisis is likely to trigger a further increase in criminal activity.” The study also found that: • Most breaches resulted from a combination of events rather than a single action. 64% of breaches were attributed to hackers who used a combination of methods. In most successful breaches, the attacker exploited some mistake committed by the victim, hacked into the network and installed malware on a system to collect data. • In 69% of cases, the breach was discovered by third parties. The ability to detect a data breach when it occurs remains a huge stumbling block for most organizations. Whether the deficiency lies in technology or process, the result is the same. • Nearly all records compromised in 2008 were from online assets. Despite widespread concern over desktops, mobile devices and portable media, 99% of all breached records were compromised from servers and applications. • Roughly 20% of 2008 cases involved more than one breach. Multiple distinct entities or locations were individually compromised as part of a single case, and half of the breaches consisted of interrelated incidents often caused by the same individuals. • Tippett says that companies like Verizon Business, which aid other companies—including retailers—in protecting electronic information, are being constantly challenged. “Our task is not getting any easier; the sum total of information in the world grows continually and permeates everything we do and everywhere we go,” he adds. “While the majority of attacks remain rather mundane, the criminals are adapting to our current protection strategies and inventing new ways to attain the data they value.” Source http://www.internetretailer.com/dailyNews.asp?id=30196
Tags keywords: data breach | data security | online fraud | online hack | payment card | Verizon BusinessLogin or register to post comments | 1 point
Comments on Report: Fraud level of 2008 hit all the records
Submitted by Juveinme on February 5, 2008 5:12pm.
» Login or register to post comments 0 points
Home
Report: Fraud level of 2008 hit all the records
April 24, 2009 10:41am | Articles | Fraud |
Tell us what topics you want to be covered in the Ecommerce Journal?
Type your topic here
Send suggestion
noi like sape.....their are more generously
Similar Articles on Ecommerce Journal by sections
FIGURES
Data breaches inFrance wereuncovered in 92% ofcases
Breach Security Inc.:SQL injectionscompromised500,000 sites in2008
First Data says 86%of merchants careabout card securitybut…
Secure POS VendorAlliance underlinesneed for greaterpayment securitymeasures
Company executiveshas no singleopinion on IT security
PAYMENT SYSTEMS
ProPay launchessecurity solution toprevent cardholderdata from breaches
PCI does notguarantee security,learning lessonsfrom Heartland
Heartland believesitself to be innocentand will fightlawsuits
RBS WorldPay willprocess taxpayers’ payments for IRS
ProPay will hostworld companies onData SecuritySummit 2009
BANKS
HSBC fined £3 millionfor outrageously poordata protection
Managers atDeutsche bank werefired for spying andbreaching datasecurity
Bank of Americaprotects transactionswith a new card
Deutsche Banklaunchesindependentinvestigation
First Data partnersReal, a part of retailgroup Metro AG
PLASTIC CARDS
PCI standard goingapart at the seams
Visa releases awhitepaper ofrecommendationsfor hotels to protectcard data
HPS raises securityissues and speaksabout better creditcard encryption
So, was there thirdpayment processorbreach or not? Visa’sevasive answers
TJX reachessettlement withstates on data theft
ECOMMERCECHECKED
McAfee study: onlinesecurity fears affectonline shopping
CHARGE Anywhere,payment services orpayment solutions?
Network Pay. Anetwork of paymentoptions
Electronic commerceaka ecommercehistory
BillMyParents: learnhow your parentscan pay for your eshopping
INVESTMENT INDUSTRY
NASDAQ washacked? Is it the timefor investors to panic?
Staff rearrangement atonline investment firmScottrade
Hyip weekly report – DX scam alliance
Mutual funds expenseratios are at thebottom for the 5 yearsperiod
FINRA wants toimprove broker historyservice BrokerCheck
FRAUD
Report: Fraud level of2008 hit all therecords
285 million recordshacked in 2008. 90%of these cases couldhave been avoided
ITRC reports 656admitted incidents in2008
Organized hackerattack or casualidentity theft: what’s the difference?
Struggle againstcyber crime requiresa proper legislation
ANALYTICS
Test your onlinebanking page tomake sure it ’s secure
Choose the right toolto protect youridentity!
How do creditreporting agencieswork?
Doomsdays of theInternet coming in2011
“Online & Mobile Banking Forecast:1994 to 2018" byOnline BankingReport
OTHER THEMES
HP offers newapplication securitysoftware
Attention, plastic cardowners! PCI standard
Online Mega Threatsand Mega Trends
Verizon will helpMonext, formerExperian to meetindustry standards
Jware Technologieschooses Verizon tosupport certification
INTERVIEWS
Interview withHoracio Malvicino,managing director ofthe MBR DesignGroup
Interview withPanaMoney.Exclusively for theEcommerce Journal
Exclusive Interviewfor ECJ with SeniorDirector of MerchantServices at PayPal
Interview withAndrew Gilchristfrom NEOVIAFinancial. Exclusivelyfor ECJ
The ExecutiveManager of Aliativa Interview With SimonLorano
LAW ASPECTS
FTC orders creditreport resellers toaudit their cybersecurity for 20 years
Peertopeer industrydamages nationalsecurity and shouldbe regulated
Hundreds of Avivacustomers notified ofdata breach
Criminal recordschecks now can bemade online
Verizon to pay over$50 million to itscustomers for illegalInternet charges
Battles of Investment Projects
Ecommerce Caricatures
Active forum topics
How to pay?
Where to exchange?
Where to play?
How to swindle a scammer
Latest Courses
Ads here just for $179 a week
Username: *
Password: *
l Create new account
l Request new password
Log in
Feed aggregator
More battles...
New Year resolutions in ecommerce
More caricatures...
more
» How To Make Private DomainName Registration Anonymous?
» Dozen and Column RouletteSystems Studio Review
» How do Blank Check Car LoansWork?
» Which Factors Affect the AutoLoan Rate?
» Question for lexus
» Buy Amoxicillin usacod,Amoxicillin no prescription
» goldenpeninvest goldenpeninvest.com, 1% hourlyfor 120 Hours, LR,PM
» Professional Roulette System :Ultimate Roulette Strategy
» Buy amoxil online.Buy cheapamoxil without prescription
» Buy Biaxin Online | BuyingBiaxin Online | What Is Biaxin Xl500mg
Ads here just for $179 a week
» Easypay
» Telepat
» Netpay
» Checkfree
» Els
» ECUmoney Ltd.
» Telecash
» Payspark
» Paytrust
» Rapipago
More payment systems...
» Extreme Xchange
» Nigeria EcurrencyExchange:NairaXchange
» PayPal<>WebMoney
» WebMoney.co.nz
» Exchange.dn.ua
» VinPort.net
» xGold.ca
» WMXpert Service Buy Online Webmoney (WMZ) via WesternUnion, MoneyGram, WireTransfer
» AutoExchanger.ru Ecurrencyexchange WMZ, WME, WMG,WMR, WMU, WMB, WMY
» EmoneyMarket.com
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» Parbet
» Linesmaker Poker
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Part 10 Investing with Discipline and ConfidencePart 9 The significance of the administratorPart 8 Paying attention to the scams and scammersPart 7 Gaining interest with hyipPart 6 Securing your investment and payments
Part 1: The basics of ForextradingPart 2: Forex terminologyPart 3: Currencies traded on theForex marketPart 4: Forex trading risksPart 5: Creating your own Forextrading planPart 6: How to choose the rightForex broker?Part 7: Factors that influenceForex tradingPart 8: Fundamental analysisPart 9: Technical analysis andForex chartsPart 10: The truth behindautomated Forex tradingPart 11: How to start Forextrading?
Affiliate with Ecommerce Journal© 2006 eCommerce Journal , All materials copied should be followed by a backlink to http://ecommercejournal.com/. Ecommerce Journal more about virtual economy|ecommerce news | articles | forex news | trading news | stocks news
| banks | payment systems | payment processors | plastic cards | ecurrency exchange | investment | cyber fraud | gambling news | poker news | casino news | betting news | news freelance | jobs | CV | ecommerce law aspects |
economic news | trading news | e commerce interview | merchant news | ecommerce history | business news | internet news
Any violation will be reviewed as crime and will be reported to corresponding law authorities. News sitemap
Today's news in Investment industry
Europe Inv VS Earn Hour: battle ofinvestment projects
Today's news in Payment systems
PayPal revenue will double to $7 billionby 2013
Today's news in Figures
31% of PCs protected with antivirus areinfected with malware
Today's news in Plast
Visa launches management
| More Tweet
Like
Subscribe to Ecommerce Journal RSS feed
Share this story
Twitter Facebook MySpace Delicious Digg Yahoo! Buzz reddit StumbleUpon Mixx Fark Propeller
LinkedIn More
What are these?
Buy ads here just for $5