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

VMware Hardening Guidelines-img3

How to Audit VMware ESX and ESXi Servers Against the VMware Hardening Guidelines with Retina CS

Posted February 27, 2015    BeyondTrust Research Team

Retina CS Enterprise Vulnerability Management has included advanced VMware auditing capabilities for some time, including virtual machine discovery and scanning through a cloud connection, plus the ability to scan ESX and ESXi hosts using SSH. However, in response to recent security concerns associated with SSH, VMware has disabled SSH by default in its more recent…

Tags:
, , , ,
dave-shackleford-headshot

Privileged Passwords: The Bane of Security Professionals Everywhere

Posted February 19, 2015    Dave Shackleford

Passwords have been with us since ancient times. Known as “watchwords”, ancient Roman military guards would pass a wooden tablet with a daily secret word engraved from one shift to the next, with each guard position marking the tablet to indicate it had been received. The military has been using passwords, counter-passwords, and even sound…

Tags:
, , ,
Privileged Account Management Process

In Vulnerability Management, Process is King

Posted February 18, 2015    Morey Haber

You have a vulnerability scanner, but where’s your process? Most organizations are rightly concerned about possible vulnerabilities in their systems, applications, networked devices, and other digital assets and infrastructure components. Identifying vulnerabilities is indeed important, and most security professionals have some kind of scanning solution in place. But what is most essential to understand is…

Tags:
, , , , ,