theft

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China Is Cutting the Legs Out from Under American Businesses (but please don’t stop them?)

Businesses and their executives everywhere should be aware of this story run by 60 Minutes on Jan 17, and the blog Jeff Lipson wrote about here. The fact that China is stealing U.S. companies’ intellectual property is not news. The fact that President Obama worked with the Western District of Pennsylvania to indict five Chinese officers of theft of intellectual property is not news. So, what is the real news bite here? Some companies and Americans want to fight back and stop [...]

Protecting Philadelphia Companies from Chinese Hacking – Part 1

Last night, 60 Minutes ran a segment on China’s massive theft of intellectual property from US businesses.  http://www.cbsnews.com/news/60-minutes-great-brain-robbery-china-cyber-espionage/ The episode highlighted that the Chinese government is using its military and intelligence services to give its companies an edge over US business, by stealing our trade secrets.   My Team and I spent a number of years working at US Cyber Command and the National Security Agency. We saw first hand just how prolific this theft was.  I’ve spoken numerous times [...]

Identity Protection for Those Affected by the OPM Data Breach

Layer 8 Security specializes in improving the cybersecurity posture of companies big and small, but we also strive to protect individuals as well. In keeping with our "sheepdog" mentality, I want to broadcast some important information to individuals affected by the Office of Personnel Management (OPM) data breach. If you were not one of the 21.5 million individuals targeted in the widely publicized OPM data breach announced this past June, there is a high chance that you are related to or [...]

What’s the deal with LifeLock?

I often get questions from friends and family about LifeLock, an identity theft protection service - what it's all about, whether I use it (I don't), how effective the LifeLock services are, etc. Ironically, about a week and a half ago, LifeLock agreed to pay $100 million (see here) for allegedly breaching a FTC order by: "Failing to establish and maintain a comprehensive security program to protect its customers' sensitive personal information, including Credit Card, Social Security, and bank account [...]

Why Companies Respond Slowly To Breaches

You'd think it would be a long, drawn out reason, with lots of calculations and pretty charts. It's not. Per a recent piece in CSO, firms respond slowly to most of these breaches because, in spite of what you might have thought, the costs are relatively low. For an example, the article cited the recent Home Depot credit card debacle. The net cost wound up being around $28 million dollars-which doesn't seem too small to most of us. Take out [...]