Social Networks

Report: Cards Stolen From Target Used – at Target

The web site that first broke the news that data on millions of credit cards was lifted from box retailer Target now reports that those cards are being used to make fraudulent purchases at brick and mortar stores- including at Target itself.   Writing on the website Krebsonsecurity.com, Brian Krebs said that so-called “dumps” of stolen card data are flooding underground “carder” web sites where cyber criminals fence stolen card information. Citing an unnamed source at a New England bank, Krebs said that the bank had, with his help, purchased about 20 cards for its customers that were offered for sale on rescator(dot)la, the carder web site, and confirmed that all the stolen cards had been used at Target. Furthermore, the source confirmed to Krebs that some of the stolen cards had already been used to make fraudulent purchases – including at Target and other big box retailers. Only one […]

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Obama Administration: Speak Up On Trusted ID Plans!

The Obama Administration is throwing its weight behind two federal efforts to increase the use of so-called “trusted identities” online as a way to combat consumer fraud and threats to critical infrastructure. Writing on the White House blog on Monday, Michael Daniel, the Obama Administration’s cyber security coordinator said that the current system for managing online identities (user IDs and passwords) is “hopelessly broken,” and that the stakes are getting ever higher for breaches. “While today it might be a social media website, tomorrow it could be your bank, health services providers, or even public utilities,” he wrote. Daniel said two federal initiatives aim to tip the scales in the direction of stronger and more secure online identities, but that more public engagement is needed to ensure that what is produced by those projects gets adopted. Specifically: Daniel highlighted two NIST-led efforts: the National Strategy for Trusted Identities in Cyberspace (NSTIC), […]

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Supply Chain Transparency Doesn’t Extend To Security

We live in an ever-more unstable world in which massive disruptions, whether natural or man-made, are a frequent occurrence. Companies that make everything from aircraft to mobile phones to cappuccino need to be nimble – sidestepping global calamities that might idle assembly lines or leave customers without their morning cup of coffee.  As in other areas, the benefits of technology advancements like cheap, cloud based computing, remote sensors and mobility are transforming the way that companies manage their vast, global network of suppliers. These days, supply chain transparency is all the rage – allowing companies to share information seamlessly and in realtime with their downstream business partners and suppliers. Firms like the start-ups Sourcemap, and LlamaSoft are offering “supply chain visualization” technology that leverages a familiar formula these days: mobility, social networking, crowd-sourced intelligence, and “Big Data” analytics. [There’s more to read about supply chain security on The Security Ledger.]  However, as […]

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Gartner: Traditional IT Security Dead By End of Decade?

The analyst firm Gartner Inc. prides itself on its ability to identify emerging technology trends and talking up what’s next before it has even happened. The firm’s Hype Cycle maps the familiar path from promising new technology to ‘hot technology buzz word du jour,’ and (maybe) on to useful, less buzzy technology that’s actually being used. More important: the Gartner Magic Quadrant rates  technology companies (and their products) according to a set of criteria that includes how forward-looking (or “visionary”) the company is. Given the sway Gartner’s ratings have in companies’ willingness to invest in products, it’s a foregone conclusion that companies Gartner picks to ‘do well’ end up…umm…doing well. Gartner has an interest in finding the next big thing in every market – but also of preserving as much of the status quo as possible. (All those quadrants generate some serious cash!!) So I was interested to read about […]

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At MIT Conference, Warnings of Big Data Fundamentalism

A senior Microsoft researcher issued a stern warning about the negative consequences of the current mania for data harvesting saying that a kind of “fundamentalism” was emerging regarding the utility of what’s been termed “Big Data” that could easily lead to a Orwellian future of ubiquitous surveillance and diminished freedom. Speaking to an audience of around 300 technology industry luminaries at the Massachusetts Institute of Technology’s annual Emerging Technology (EMTECH) conference, Kate Crawford, a Principal Researcher at Microsoft Research in Boston said that the technology industry’s fetish for “Big Data” had blinded it to the limits of analytics, and the privacy implications of wholesale data harvesting. The Massachusetts Institute of Technology’s (MIT’s) annual Emerging Technologies (EMTECH) conference, a high-gloss event that throws entrepreneurs, venture capitalists and academics together to talk ‘big ideas’ on TED-inspired sets. Crawford’s speech, coming on the heels of a talk about transforming healthcare with big data […]

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