A 143-point drop in the Dow Jones Industrial Average proves the power of social media and the havoc it can cause when an account gets hacked. It's time for social media companies to tighten the authentication process.
Attacks against Facebook, Twitter and other organizations over the past few months should send a message to business owners that they need to better fund cybersecurity, IT security expert Mischel Kwon says.
Even the brightest technologists aren't immune from cyber-attacks. Just ask Facebook. The social-media company says it fell victim to a sophisticated attack in which an exploit allowed malware to be installed on employees' laptops.
Cyber spies in China are suspected of launching an attack against a NATO senior military commander, U.S. Admiral James Stavridis, using a Facebook scam to gather information about Stavridis from his friends and colleagues, according to U.K. newspaper reports.
Chinese police have detained four people and punished eight after the personal information of 6 million users was leaked following a data breach of the China Software Developer Network, the country's largest programmers' website.
A wave of security breaches serves as a catalyst for all types of organizations to assess the need for cyber insurance. Here's the story of one institution that saw the threat and took out a $10 million policy.
What fraud and security issues does Paul Smocer, the new president of BITS, see as being top concerns in the coming year? Mobile payments, social media, and a strong need for institutions and organizations to comply with existing guidance top the list.