Tuesday, January 20, 2009

Heartland data breach could be bigger than TJX's

Heartland Payment Systems has announced that it suffered a significant data breach last year after it was discovered that hackers had installed software on their systems to capture credit card information. The firm apparenly processes over 100 Million tranactions a month, leading to speculation that this may dwarf the 2007 TJX breach. See: Heartland data breach could be bigger than TJX's.

1 comment:

JohnFranks999 said...

Price Waterhouse Cooper and Carnegie-Mellon’s CyLab have recent surveys that show the senior executive class to be, basically, clueless regarding IT risk and its tie to overall enterprise (business) risk. Data breaches and thefts are due to a lagging business culture – and people aren’t getting the training they need. For example: Microsoft patched for this virus 4 months ago. I like to pass along things that work, in hopes that good ideas make their way back to me, and as CIO, I look for ways to help my business and IT teams further their education. Check your local library: A book that is required reading is "I.T. WARS: Managing the Business-Technology Weave in the New Millennium." It also helps outside agencies understand your values and practices.
The author, David Scott, has an interview that is a great exposure: http://businessforum.com/DScott_02.html -
The book came to us as a tip from an intern who attended a course at University of Wisconsin, where the book is an MBA text. It has helped us to understand that, while various systems of security are important, no system can overcome laxity, ignorance, or deliberate intent to harm. Necessary is a sustained culture and awareness; an efficient prism through which every activity is viewed from a security perspective prior to action.
In the realm of risk, unmanaged possibilities become probabilities – read the book BEFORE you suffer a bad outcome – or propagate one.