Let’s examine four recent data breaches that made nation news:
♣ Home Depot
Year: 2014
Affected: 56 million credit card accounts and 53 million email addresses.
Cost: The data breach cost the company an estimated $80 million before insurance reimbursements, according to Protection Group International.
What happened: In September 2014, Home Depot revealed that hackers had gained access to the company's computer network using stolen account information from a vendor doing business with the hardware giant.
The Home Depot data breaches exposed volumes of credit/debit card data causing consumer misery and costly retailer complications. Reports have stated that the Home Depot breach began as early as the prior April, and continued for at least four
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more months before being discovered. During those four months’ cardholder data moved inside The Home Depot IT infrastructure was relocated outside the company without anyone noticing. If simple configuration auditing software had been in place, these malicious activities and security violations could have been detected much earlier which could have saved Home Depot millions of dollars. Additionally, former employees claim that they had alerted the company about the risk of a cyber attack dating back to 2008, and the company was slow to respond. Furthermore, Home Depot continuing to rely on outdated software to protect its network for years. Hackers used malware to collect customer data at cash registers. Reportedly, it took nine months for the breach to be identified and stopped [10]. ♣ Sony Pictures Entertainment Year: 2014 Affected: Personal information of about 3,000 current and former employees.
Cost: Sony estimates the cyberattacks will cost the company $35 million.
What happened: In November, Sony Pictures Entertainment was the target of a cyberattacks that leaked internal documents, including embarrassing emails and the annual salaries of senior executives. The attack also compromised employee names, social security numbers, credit card information and bank account information.
The length of the hack is still unknown, though evidence suggests that the intrusion had been occurring for more than a year, prior to its discovery. The hacker’s involved claim to have taken over 100 terabytes of data from Sony. [11].
♣ Target
Year: 2013
Affected: 40 million credit and debit card accounts, as well as data on 70 million
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customers. Cost: Through the end of 2014, the data breach cost Target $252 million, according to corporate filings. What happened: The breach affected credit and debit card accounts from shoppers from Nov. 27 to Dec. 15 in which personal data could have been stolen as well. In December 2013 over 40 million credit cards were stolen from nearly 2000 Target stores by accessing data on point of sale (POS) systems. From what is known about the Target breach, there were multiple factors that led to data loss including vendors subject to phishing attacks, network segregation was lacking, point of sale systems was vulnerable to memory scraping malware and detection strategies employed by Target failed. It is believed that human factors contributed to this breach [12]. ♣ Ashley Madison Year: 2015 Affected: 33 million user accounts, including email addresses, first and last names and phone numbers.
Cost: The breach could cost the company an estimated $850 million, according to The New York Times.
What happened: In possibly the most publicized attack of the year, more than 30 million accounts on affair-site Ashley Madison, owned by Avid Life Media, were hacked and released to the public.
The Ashley Madison breach is embarrassing because it’s not just any dating site. Ashley Madison describes itself as “an online personals and dating destination for casual encounters, married dating, discreet encounter and extramarital affairs.” It was first hacked in July, and the data was made public about a month later when the blackmail campaign was not satisfied by the attackers. This is the first hack that isn’t a simple credit card hack but one that’s going to ruin marriages. For the first time, the pain caused by a breach is instantaneously attached to the breach itself
[13]. As you see, all of these data breaches involved human in which error/oversight was committed. Additionally, there was ample amount of time to prevent some of these breaches prior to the exposure if someone had just been performing the appropriate analysis as some of these breaches had been occurring for months. These four breaches only re-confirmed my experience from my prior employment in that humans can be a major vulnerability in the process. In particularly with the Target breach, as it turns out, they had implemented malware detection technology from FireEye which happened to detect the now infamous POS memory scrapping code but the IT team was running FireEye in detection rather than prevention (block) mode. This meant that Target had to take some manual (human) action to remove the malware and remediate the incident.
After researching Home Depots financials I would invest money in Home Depot by purchasing stock. In my research there was a lot of talk about how popular home improvement is and how many people prefer the do-it-yourself aspect. While I am sure Home Depots numbers have been better, before the recession, I do not for see Home Depot going under anytime soon. I think it is a stable company that will be in business for many years to come.
Home Depot is currently the largest home improvement retailer in the world. Co-Founded by Bernie Marcus and Arthur blank in 1978 and later went public in 1981. (Exibit* - Stock Performance). Home Depot currently sells products in more than 2,200 stores in North America reaching out to customers both through brick and motor stores as well as its online stores.
Home Depot was founded in 1978 by Bernie Marcus and Arthur Blank in Atlanta, Georgia. With their store, Marcus and Blank revolutionized the do-it-yourself home improvement market in the United States. Home Depot began as a very basic store, operated in a large, no-frills warehouse. Home Depot carries over 35,000 products, with national brand names along with the Home Depot brand. At the start, Home Depot was able to offer exceptional customer service with knowledgeable employees who could guide customers through home renovation projects. Since its opening, Home Depot has experienced incredible growth, and today is North America's second largest retailer, and the largest home improvement retailer. Internationally, Home Depot has expanded into Canada, Mexico, and is beginning to operate stores in China. Home Depot's competition includes Sears, Ace Hardware and Lowes (the main competitor).
The use of hacking to identify weaknesses in computer security has become an increasingly controversial issue in recent years. Awareness of this issue is important, because our ever increasing reliance on technology means that breaches in computer security have the potential to have wide-ranging and devastating consequences to society, worldwide. This essay will begin by clearly defining the term ‘hacking’ and will examine the type of people who hack and for what reasons. There will then follow a discussion of the moral argument on hacking before examining a few brief examples. The essay will then conclude by arguing against the use of hacking as a means of identifying weaknesses in computer security.
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.
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...
The breach started through a contracting company called Fazio Mechanical Services, Inc. (FSM). FSM is a HVAC contractor “connected to Target’s systems to do electronic billing, contract submission, and project management.” (Goche & De Metz, 2014) The start of the data breach madness beg...
...oot causes of the oil spill. From claim information, BP demonstrates that it paid approximately 11 billion dollars to individuals and businesses who survived the disaster. BP lost its agreement with the EPA in 2010 after the oil spill but it retained the agreement in 2014 by resolving all debarment and suspension matter. From all these activities, BP demonstrates its efforts to repair the reputational damages.
Home Depot has grown at a phenomenal rate over the last 36 years to become the largest do it yourself retailer in the United States. It’s solid business performance has allowed the company to post double digit growth rates over the last 36 years, and has never had a negative year of growth, even during the financial crisis of 2008-2009.
Where in 56 million payment cards were stolen and the issues related to the occurrence.
Total revenues: $672 million. Increased by 31%. Revenue share = 40% (Next year = 50%). Data revenues are relatively low at 6% of overall revenue, but low internet penetration of 10% provides significant upside.
Although the initial results were appealing, the move had a massive negative impact on the company’s future.
...y up to $300 (according to latest record reported) to buy the unique key to decrypt the files as well as a time limit displaying within which the payment must be made else threatens that the unique key for the encryption will then become invalid, leaving the files impossible to recover.
This leak can potentially be bad for Microsoft because the hacking tools leak are aimed towards Microsoft Operating Systems such as Windows Xp, Windows 7, Windows 8, and Windows Vista. Therefore, novice hackers will have the knowledge and the ability to compromise Windows based computer systems. After finding out about the leak, Microsoft responded saying “will take the necessary actions to protect our customers”. The following events are slowly diminishing the integrity and dignity of the
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 ... ...