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There isn’t an industry safe from data breaches. Frombanksand credit organizations to hotel and restaurant chains,academic institutions and more, hundreds of millions of individuals have had their personal information stolen – all via the companies with whom they do business. . And although the case for why companies should protect consumer data is clear—companies lose less money and consumer information is safe from predators—what’s not often addressed are some of the more disconcerting aspects of data breaches. What ultimately happens to the stolen data and money? What are companies doing to stop the broader implications of fraud – beyond their bottom lines and brand perceptions? And, do companies have a corporate social responsibility to protect their customers and society as a whole from fraud? The link for this article located at Security Today is no longer available. . In today's digital age, corporate accountability for data breaches is vital for consumer safety and trust, as it empowers consumers against identity theft and fraud. Corporate Accountability, Data Protection, Fraud Risks, Consumer Safety. . LinuxSecurity.com Team
By taking researchers to court, the company demonstrates contempt for the law and its customers. ... Sony is Exhibit A in the abuse of intellectual-property laws by corporations that believe they have all the rights -- including how products may be used after sale -- with users and purchasers having no rights at all.. In the latest case, as the Electronic Frontier Foundation explains, Sony has sued computer security researchers: for publishing information about security holes in Sony The link for this article located at Salon is no longer available. . Microsoft's actions towards tech innovators provoke important discussions regarding consumer privacy and corporate influence.. Corporate Accountability, Customer Autonomy, Digital Rights. . LinuxSecurity.com Team
You can count on companies to talk about implementing cybersecurity guidelines and best practices until they're blue in the face. Truth be told, however, you won't see major changes until the law holds actual fannies to the fire.. . .. You can count on companies to talk about implementing cybersecurity guidelines and best practices until they're blue in the face. Truth be told, however, you won't see major changes until the law holds actual fannies to the fire. After a run of corporate scandals at the likes of Enron, WorldCom, Arthur Andersen, Tyco and others, Congress enacted the so-called Sarbanes-Oxley bill in 2002. The intent was to remedy the U.S. accounting system, which had allowed corrupt managers to take advantage of gaping holes. The new law now holds senior executives and directors of public companies responsible for the preparation and approval of their business's financial statements. Although the final verdict on the law won't be in for several years, this much is clear: If a CEO gets caught with his or her hand in the till, Sarbanes-Oxley makes sure that there's a comfy jail cell waiting in a federal penitentiary somewhere. . As organizations discuss compliance protocols, real progress depends on making top leaders legally responsible for misconduct.. Cybersecurity Compliance, Corporate Accountability, Industry Regulations, Best Practices. . Anthony Pell
American businesses feel a little like a rope that's being used in a tug of war between privacy and patriotism. Their customers want the personal information that businesses collect to be kept private, but the government wants access to some of that data for use in various homeland security plans. . . .. American businesses feel a little like a rope that's being used in a tug of war between privacy and patriotism. Their customers want the personal information that businesses collect to be kept private, but the government wants access to some of that data for use in various homeland security plans. So what's a company to do? That's the question being asked this week at the Privacy & American Business' ninth annual national conference in Washington. Organizers said that the focus of this year's conference, "managing the privacy revolution," reflects businesses' deep concern over how to enhance homeland security while not surrendering customer privacy. Besides business people, plenty of government officials, privacy advocates and corporate privacy workers are on hand. "As privacy advocates and civil liberties groups gear up to challenge new government initiatives to access consumer information in business files, companies are seeking guidance on how to support legitimate government needs, but also protect legitimate privacy interests," said Dr. Alan Westin, P&AB's president. The link for this article located at Wired is no longer available. . Companies in the United States grapple with the conflicting demands of consumer confidentiality and the state’s right to data for safeguarding purposes.. Privacy Management, Data Protection, Consumer Rights, Corporate Accountability, Government Access. . LinuxSecurity.com Team
Companies that release customer data as a result of security mistakes could find themselves in the cross hairs of the Federal Trade Commission, especially if that release points to poor security practices. The FTC has only brought one case against . . . . Companies that release customer data as a result of security mistakes could find themselves in the cross hairs of the Federal Trade Commission, especially if that release points to poor security practices. The FTC has only brought one case against a company for releasing customer data, but Chairman Timothy Muris said today that he expects more action against companies. The FTC took its first security-related action earlier this year, in a landmark settlement reached with Eli Lilly and Co. in Indianapolis after it released nearly 700 customer addresses collected through its Prozac.com Web site. The release of names, included in an e-mail, was called inadvertent, but the FTC nonetheless faulted the pharmaceutical firm for its security and training practices. The link for this article located at ComputerWorld is no longer available. . Companies that release customer data as a result of security mistakes could find themselves in the c. companies, release, customer, security, mistakes, themselves. . LinuxSecurity.com Team
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