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SEC asks businesses to disclose cyber attacks to investors

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Publicly traded businesses must now add cyber vulnerabilities and hack attacks to the list of things it should disclose to investors. That’s according to new guidelines issued by the US Securities and Exchange Commission (SEC). Although these companies have long been expected to make public any occurrences which could have… Read more »

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TRICARE faces $4.9 billion lawsuit

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TRICARE, the insurer for the US military health system, is facing a whopping $4.6 billion lawsuit after back-up tapes containing patient data were stolen from a car. The tapes are said to contain personal details such as names, addresses, phone numbers, Social Security numbers, clinical notes and prescriptions of individuals… Read more »

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Virus discovered in US Air Force drones

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It’s easy to forget that computer viruses aren’t limited to the old, slow-running computers you use at home. Just two weeks ago, a virus was discovered in the cockpits of America’s Predator and Reaper drones, reminding us that viruses are infecting the systems of much more complicated, and important, computers… Read more »

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Canada sees massive increase in cyber criminals

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You might not believe it, but Canada is quickly becoming a haven for cyber criminals. That’s according to a recent report by Websense, which found that Canadian phishing sites have increased 3-fold in the last year and bot networks are up by 50%. In both instances, this is the highest… Read more »

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Australia clears Sony but urges quicker customer notification

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Sony can take a deep breath knowing that its list of worries didn’t grow any longer, at least for one day. The company has recently been cleared of charges that it violated Australia’s Privacy Act with the April PSN breach. However, reviews of the breach weren’t all rosy. Although Sony… Read more »

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Ever wondered why patent insurance is so hard to find?

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Use WiFi at work, in your home, at a coffee shop or in a hotel room? Innovatio IP, a patent troll who recently acquired a porfolio of patents relating to WiFi usage, believes you’re violating one of its patents. Although the company is not considering suing individuals at this point,… Read more »

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BT broadband crash causes businesses to suffer

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Hundreds of thousands of BT customers lost their internet connection thanks to a recent “power failure” at a major exchange in Birmingham, reports the BBC. The internet was down for approximately 5% of BT broadband users for 2-3 hours on a Monday afternoon. Businesses were especially affected by the crash… Read more »

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Going online with health records comes with risks

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Most see moving medical records online as a vital step in streamlining medical processes, eventually resulting in both cost and life savings. There’s just one hitch. When things go wrong online, the results can be staggering. Take for example a recent case in California where it’s been discovered that the… Read more »

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Heist on prepaid debit card company

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In a recent case involving Fidelity National Information Services Inc. (FIS), the world’s largest processor of prepaid debit cards, approximately $13 million has been lost due to a “highly-coordinated heist” in which stolen prepaid cards were cashed out at ATMs. Some prepaid cards cannot be used again after their balance… Read more »

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San Francisco police’s private data leaked

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Hackers have launched another attack on a transport agency that cut off mobile phone services at San Francisco stations last week to prevent protests. BBC News reports that hacking group Anonymous announced on Twitter that the private data of 102 Bay Area Rapid Transit (BART) police officers had been leaked…. Read more »

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