Statement for the Record Worldwide Threat Assessment of the US Intelligence Community, Senate Armed Services Committee, James R. Clapper, Director of National Intelligence February 26, 2015. Cyber Strategic Assessment – “Cyber threats to US national and economic security are increasing in frequency, scale, sophistication, and severity of impact. The ranges of cyber threat actors, methods… Continue Reading
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Category Archives: ID Theft
Annual Report to Congress: Federal Information Security Management Act
Annual Report to Congress, February 27, 2015: “As cyber threats continue to evolve, the Federal Government is embarking on a number of initiatives to protect Federal information and assets and improve the resilience of Federal networks. OMB, in coordination with its partners at the National Security Council (NSC), the Department of Homeland Security (DHS), and… Continue Reading
Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis
Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis. N. Eric Weiss, Specialist in Financial Economics. February 23, 2015. “Data breaches, such as those at Target, Home Depot, Neiman Marcus, JPMorgan Chase, and Anthem, have affected financial records of tens of millions of households and seem to occur regularly. Companies typically respond by trying to increase… Continue Reading
Identity Theft Tops FTC’s Consumer Complaint Categories Again in 2014
News release: “Identity theft topped the Federal Trade Commission’s national ranking of consumer complaints for the 15th consecutive year, while the agency also recorded a large increase in the number of complaints about so-called “imposter” scams, according to the FTC’s 2014 Consumer Sentinel Network Data Book, which was released today. Imposter scams – in which… Continue Reading
IRS – Identity Protection: Prevention, Detection and Victim Assistance
“Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen social security number to file a tax return claiming a fraudulent refund. The IRS combats tax-related identity theft with an aggressive strategy of prevention, detection… Continue Reading
New GAO Reports – Defense Nuclear Facilities Safety Board, Flood Insurance, Identity and Tax Fraud
Defense Nuclear Facilities Safety Board: Improvements Needed to Strengthen Internal Control and Promote Transparency, GAO-15-181: Published: Jan 20, 2015. Publicly Released: Feb 19, 2015. Flood Insurance: Status of FEMA’s Implementation of the Biggert-Waters Act, as Amended, GAO-15-178: Published: Feb 19, 2015. Publicly Released: Feb 19, 2015. Identity and Tax Fraud: Enhanced Authentication Could Combat Refund… Continue Reading
Analysis: It’s surprisingly easy to identify individuals from credit-card metadata
MIT News release: “In this week’s issue of the journal Science, MIT researchers report that just four fairly vague pieces of information — the dates and locations of four purchases — are enough to identify 90 percent of the people in a data set recording three months of credit-card transactions by 1.1 million users. When… Continue Reading
Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis
CRS – Legislation to Facilitate Cybersecurity Information Sharing: Economic Analysis. N. Eric Weiss, Specialist in Financial Economics. December 11, 2014. “Data breaches, such as those at Target, Home Depot, Neiman Marcus, and JPMorgan Chase, affecting financial records of tens of millions of households seem to occur regularly. Companies typically respond by trying to increase their cybersecurity by hiring consultants and purchasing new… Continue Reading
CIGI-Ipsos Global Survey on Internet Security and Trust
“The CIGI-Ipsos Global Survey on Internet Security and Trust, undertaken by the Centre for International Governance Innovation (CIGI) and conducted by global research company Ipsos, reached 23,376 Internet users in 24 countries, and was carried out between October 7, 2014 and November 12, 2014. The countries included: Australia, Brazil, Canada, China, Egypt, France, Germany, Great Britain,… Continue Reading
Experian Data Breach Resolution releases second annual data breach industry forecast
“Preventing and managing data breaches have become two of the highest priorities facing businesses today. To help executives plan ahead, Experian Data Breach Resolution announces the release of its second annual Data Breach Industry Forecast, a complimentary white paper outlining key issues and trends to watch for in 2015. Many evolving factors such as new threats, regulatory changes… Continue Reading
Home Depot SEC Filing – Pretax Breach Cost $43 million
eSecurity Planet – “In a recent SEC filing, Home Depot stated that a recent data breach that exposed 56 million credit cards and 53 million email addresses cost the company $43 million in the third quarter of 2014 alone. Specifically, Home Depot says it “recorded $43 million of pretax expenses related to the data breach, partially offset… Continue Reading
Executive Order – Improving the Security of Consumer Financial Transactions
“Given that identity crimes, including credit, debit, and other payment card fraud, continue to be a risk to U.S. economic activity, and given the economic consequences of data breaches, the United States must take further action to enhance the security of data in the financial marketplace. While the U.S. Government’s credit, debit, and other payment… Continue Reading
