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Top 5 Data Breach Excuses Of 2011 (And What They Really Mean): Part 4

Posted January 6, 2012    Peter McCalister

WE’RE STILL INVESTIGATING HOW IT HAPPENED, IT’S TOO CONFIDENTIAL TO SAY MORE, BUT REST ASSURED EVERYTHING IS OK NOW. – The IMF, June 2011

This excuse is often used by organisations that decide to mop up media interest with an early announcement confirming investigations are underway (we’re taking this seriously) while reassuring people everything is OK now (in spite of not having solved the source of the alleged data breach which is presumably still active/open)

This deft and authoritative touch was used this June, by The International Monetary Fund (IMF), when they confirmed they had become the latest victim of a hacking attempt to their network.

Even though the IMF spokesman rejected to comment on the extend of the attack, whether data breach happened to confidential information on the economic health of its 187 member countries or any systems were infiltrated, he said that they are “investigating” it. “We had an incident,” said IMF spokesman David Hawley. “We’re investigating it and the fund is completely functional.”

BeyondTrust says: “For the uninitiated, this shrouds the idea of data protection in an air of mystery, i.e the hacker was a sophisticated operator, as opposed to say the majority of hackers who target weakly protected network passwords as their first line of defence.”

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Additional articles

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Big Surprise: Cost of Data Breaches Up; Are you Doing the *Right* Things to Mitigate the Costs?

Posted May 28, 2015    Scott Lang

Ponemon Institute Cost of Data Breach Study – costs are going up – to the tune of a 23% increase in total costs of data breaches, and a 12% increase in per-record cost since 2013. Are you doing the right things to mitigate costs?

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The tip of the IRS data breach – and it IS an iceberg

Posted May 27, 2015    Morey Haber

The IRS has been warned for decades about their security best practices. And now, at least 100,000 Americans have had their records compromised. How? The IRS uses a service called “Get Transcript”.

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Tales from the Datacenter: Vulnerability Management Nightmares

Posted May 27, 2015    Dave Shackleford

Vulnerability scanning, threat management, risk analysis, patching, and configuration management are some of the major activities usually associated with vulnerability management, and none of these are new…so why are we failing so badly at many of them?

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