BeyondTrust

Security in Context: The BeyondTrust Blog

Welcome to Security in Context

Bringing you news and commentary on solutions and strategies for protecting critical IT infrastructure in the context of your business.

The Soft Costs of Identity Breaches

Posted March 8, 2011    Peter McCalister

I’ve been a loyal customer of Wells Fargo for over a decade. For lots of good reasons. Over the long President’s Day weekend was the first time I’ve received a call from them saying that one of the vendors I’ve paid recently has had a data breach and leaked my credit card information.

They didn’t tell me which vendor it was, but it was pretty easy to figure it out based on the fact that they verified every recent purchase up to the one I figured it was.

It got me thinking about the “soft” costs of data breaches. Whether the breach was an insider or hacker, it must have costs a good chunk of cash to call thousands of customers and re-issue a card to each one.

Meanwhile, the event capped off a series of events I experienced personally that verified that this particular vendor that leaked my credit card information just didn’t have their act together. This is my first time in recent memory actually being a victim of a data breach and I realized that I immediately associate a data leak with blatant incompetence.

Then, I wonder how/if Wells Fargo punished the vendor. For some companies, relationships – even more so than data – is the most valuable asset they have and data breaches can put a lot of different relationships at risk.

Leave a Reply

Additional articles

Integrating Least Privilege and Password Management to Solve Account Security Challenges

Integrating Least Privilege and Password Management to Solve Account Security Challenges

Posted July 24, 2014    Morey Haber

There is a reason all BeyondTrust Privileged Account Management (PAM) solutions share the PowerBroker name: They all inherently enable you to reduce user-based risk and can be integrated under a centralized IT risk management platform. Here’s one common use case that demonstrates how this integration changes the playing field. Consider the challenge of privileged access:…

Tags:
, , , , ,
PowerBroker Password Safe Password Age Report

Reshaping Privileged Password Management with Password Safe 5.2

Posted July 21, 2014    Martin Cannard

Today, we’re pleased to unveil the latest edition of our privileged password management solution, PowerBroker Password Safe. I’ll start with a brief intro of what’s new and then tell you a little about the driving factors behind Password Safe development. New features for mitigating password risk and ensuring accountability enterprise-wide Here’s the 10,000-foot overview of…

Tags:
, , ,
PowerBroker for Windows tamper protection

PowerBroker for Windows 6.6 Tamper Protection

Posted July 18, 2014    Morey Haber

I have a bone to pick: Stopping an administrator from performing an action on a system is futile endeavor. As an administrator, there is always a way to circumvent a solution’s from tampered protection. Really! By default, Windows administrators have unrestricted access to the system – and even though an application, hardened configuration, or group policy…

Tags:
, ,