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Archive for 2011

Hackers have had a bonanza in April, May and June (so far). Nary has a day gone by without news of yet another major attack. Here’s a partial list of some of the most publicized hacks of the last 10 weeks:

RSA Security: On April 1, in a move akin to raiding Fort Knox, RSA’s Secure ID technology (one of the industry’s gold standards in security software) was hacked. RSA executives described the hack as “very sophisticated.” They characterized it as an advanced persistent threat (APT)-type targeted attack. It used a routine tactic – a phishing Email that contained an infected attachment that was triggered when opened.

Epsilon:  This Irving, TX –based company handles customer email messaging for over 150 firms, including large banks and retailers like Best Buy, JPMorgan Chase, Citigroup and L.L.Bean. In April, millions of consumers learned that Epsilon’s networks were breached when they received Emails from their banks and credit card companies informing them that the hack might have exposed their names and Email addresses to the hackers. Epsilon released a statement assuring consumers that only Email addresses and names were compromised and that no sensitive data was disclosed.

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It’s time for corporations to wise up and use the latest, most effective weapons to safeguard and secure their data.

High tech devices, software applications, Emails, user accounts, social media and networks – even those presumed safe — are being hacked with alarming alacrity and ease.

Security tools, encryption and updating your networks with the latest patches are certainly necessary, but they are not enough. Corporations must arm themselves with the latest security tools and devices in order to effectively combat the new breed of malware, malicious code and ever more proficient hackers. I’m referring to the new breed of continuous monitoring tools that identify, detect and shut down vulnerabilities before hackers can find and exploit them.

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Cisco Pulls the Plug on Flip

Following two consecutive fiscal quarters, Cisco Systems shocked the industry three weeks ago with the news that it will cease to manufacture its popular Flip video camera and will lay off the division’s 550 workers, substantially reducing its consumer businesses.

Also within the past two weeks, Cisco unveiled a voluntary retirement program aimed at workers 50 years old whose age plus tenure at the company equals 60; these workers have from May 10 through June 24 to opt in. This is the first time in two years that Cisco instituted such a cost cutting policy.

Cisco recently hired Gary Moore as Chief Operating Officer to fine tune its re-focused initiatives.

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