Monthly news roundup - July 2014 (TL;DR)

Posted by Drew Paik

Jul 31, 2014

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NEWS

Hundreds of stories about security and account compromise hit the web each month. Here’s the TL;DR on a few we found interesting this past month:

1. Your Information Isn’t Safe: This quick story on CNN reveals that Experian, the company that Target referred victims of its massive data leak to for credit monitoring, was itself the victim of large-scale account compromise some time before the Target compromise occurred. (CNN Money, July 25)

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Topics: News

Don't Let Your Business Pay The Price For Bank Fraud (Forbes)

Posted by Ramesh Rajagopal

Jul 23, 2014

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NEWS

Ramesh’s Take: When a small business’ bank account is compromised, don’t count on the bank to make everything good again. While banks generally cover losses incurred by individuals due to account breaches, the law dictates that they are not liable for business losses as long as they employ ‘reasonable security measures.’ With online attacks against businesses on the rise and no clear demarcation of liability, businesses must take steps to protect their interests.

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Topics: News

How to defeat next generation malware that hits you where it hurts (your bank account)

Posted by A8 Dev Team

Jul 21, 2014

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NEWS

Over the past few weeks, a new piece of banking malware identified as EMOTET has been spreading through Germany, and now the US, through spam emails. According to Joe Salvio with Trend Micro, once introduced to a system, EMOTET downloads a configuration file with information on the banks it is targeting. It also downloads a file that intercepts and logs network traffic.

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Topics: News

Customer Spotlight: Northshore Dental Associates

Posted by Scott Petry

Jul 16, 2014

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CUSTOMERS

Northshore Dental Associates serves the Muskegon and West Michigan communities with comprehensive dental services. Northshore Dental believes there is a strong connection between oral and general health, and that good dental health is the foundation of a healthy well-being. Northshore Dental’s staff focuses on general and cosmetic dentistry and is committed to partnering with patients in delivering professional care in a comfortable environment.

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Topics: Customers

Some stuff on patents

Posted by Scott Petry

Jul 14, 2014

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CORPORATE NEWS

At my previous company, Postini we developed an innovative email solution and successfully built a nice portfolio of patents. We never had to go to court over IP-related issues, but with the various saber-rattling activities that lawyers like to engage in, our patents were quite useful. They were an important asset for us with customers and, ultimately, as part of our acquisition discussions.

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Topics: Corporate News

How did hackers access critical infrastructure in the Code Spaces attack?

Posted by Scott Petry

Jul 7, 2014

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NEWS | IDENTITY

Last week’s catastrophic Code Spaces compromise reminded us just how vulnerable our systems can be. We have talked about some of the lessons learned in the aftermath of the attack, but the question remains: how did the initial compromise happen?

Generally, when bad guys gain access to a system, it happens in one of four ways:

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Topics: News, Identity

10 Tech Moves Every Accountant Should Make This Summer (Accounting Today)

Posted by Ramesh Rajagopal

Jul 1, 2014

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NEWS

Ramesh's Take: Accountants are the quintessential example of a field that has embraced cloud services and are dependent on the browser to process highly sensitive data. This Accounting Today article explores the various risks that CPAs face and presents some mitigating steps. Needless to say, Silo is a complete solution that addresses the insulation, credential management and policy controls required to safeguard critical online accounts.

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Topics: News

Customer Spotlight: Scott B. Price & Company

Posted by Scott Petry

Jun 30, 2014

CUSTOMERS

Scott B. Price and Company has been providing professional services to individuals and small businesses for over 25 years. Based in the heart of San Francisco, SBP CPA’s clients span a wide range of industries, organizational size, and structures

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Topics: Customers

What do data breaches, phishing, and two-factor authentication have in common?

Posted by Drew Paik

Jun 26, 2014

img_2014-06-26_PayPalNEWS | SECURITY

In the past month, there have been three separate security-related developments related to PayPal. These may all be unrelated, but as a thought experiment let's take a look and see how criminals could use these exploits in aggregate to attack businesses and consumers. These same tactics could be used against any high-value app, not just PayPal.

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Topics: News, Security

Lessons learned from Code Spaces

Posted by Les Dunston

Jun 23, 2014

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NEWS

Last Tuesday, Code Spaces came under a DDoS Attack. The attacker then obtained access to Code Spaces’ Amazon console and demanded ransom for the safe return of the account. For some unknown or yet-to-be-explained reason, Code Spaces decided to start changing Amazon credentials in an effort to regain control of the account. This is where the story goes from bad to worse.

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Topics: News

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