The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study commissioned by International Business Machines (IBM).
The total avera
EBay's description of how hackers got access to its entire database of 145 million user records leaves many questions unanswered as to how cyber criminals orchestrated what appears to be the second-biggest data breach in US history.
EBay said that hackers raided its network three months ago, stealing some 145 million user records from a database in what is poised to go down as one of the biggest data breaches in history based on the number of accounts compromised.
Despite broad recognition that cyber threats are more prevalent than ever before, more than one-third of companies are not adequately prepared to respond to a data breach or IT security crisis, a report said.
More than two-thirds
After witnessing large companies succumb to targeted data breach attacks that not only stained reputations, but also caused them significant collateral damage, Trend Micro wrapped 2011 as ‘The Year of Data Breaches’ in its annual threat roundup re
Sony Corp's No.2 Kazuo Hirai will brief media on Sunday about a huge security breach of its PlayStation Network, the first time an executive of the electronics giant will publicly address the case, which could prompt global legal actions.
Sony Corp could face legal action across the globe after it belatedly disclosed one of the biggest online data breaches ever.
In the US, several members of Congress seized on the breach, in which hackers stole names, addresses and possibly