Rising Threat from Cyber Attacks

The threat from cyber attacks is on the rise.  On Friday, the Wall Street Journal reported that 2,411 companies had been the victims of a hacking operation that was part of an 18-month global attack that exposed vast amounts of personal and corporate secrets and intellectual property to theft. The attacks, which originated in Europe and China, targeted major corporations and government agencies including pharmaceutical giants Merck & Co. and... [Read More...]

Who’s responsible for the costs of credit card theft?

A recent article in Information Week briefly discusses last weeks reversal by a federal appeals court of a lower court’s order that credit card processor Fifth Third Bancorp did not have to pay for new credit cards for some cardholders whose data was stolen during a 2004 hacking incident at BJ’s Wholesale Club.  The suit was originally brought by the Pennsylvania State Employees Credit Union. Essentially it goes like this.  In 2004 BJ’s Wholesale... [Read More...]