"The misfortune here for the banks is that they can have the best fraud-detection systems out there ... but it all breaks down when they call the 'hacker' to verify the transaction," says Gartner's Avivah Litan.
Verisign Inc. may have followed the letter of the law when revealing a series of breaches in an SEC filing. But the company that assures the flow of a hefty portion of Internet traffic should have been more forthright to ease the minds of its various constituencies.
Verisign, operator of two of the 13 root name servers that route traffic on the Internet, has revealed that outsiders attacked its computer network several times in 2010, but top management did not learn of the incidents until September 2011.
Establishing an effective security incident response program is a key component of an information risk management strategy. And NIST has issued draft guidelines to help organizations implement such a program.
Organizations that have experienced a breach report that three lessons they learned were to limit the amount of personal information collected, limit sharing data with third parties and limit the amount of data stored, a new survey shows.