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Data Breach Survey Reveals that a Majority did not Encrypt Data

In November and December 2011, Experian Data Breach Resolution, a division of Experian, and Ponemon Institute conducted an online survey of more than 500 information technology (IT) professionals who had experienced recent data breaches in their companies. The purpose was to determine the causes, reactions and solutions. A surprising 60 percent of the companies did not encrypt their customer data.

Responders

The responders had 10.5 years or more of information technology experience.  Approximately 73 percent reported directly or indirectly to the chief information officer (CIO) or the chief information security officer (CISO).  For this survey, the responders were asked to refer to only one data breach that had the greatest financial or reputational impact to their companies.

How it occurred and the cause

A majority of the responders (60 percent) said the breach occurred because the lost or stolen customer data was not encrypted. A

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Tags: Data, Data Encrypted

Call me crazy, call me a “sucker,” but don’t call me too late for the Facebook initial public offering .

Full disclosure: I’m one of the half billion daily active Facebook users. I was excited when I heard that Facebook Inc. was finally setting an estimated price range for the IPO on its stock. This is the most anticipated stock offering in years. I want a piece of it — even if it’s only a single share.

But, as many people know, IPOs are almost always the realm of high-volume, high-roller institutional investors. Read more…

Tags: Facebook, Facebook Ipo

You’re probably familiar with traditional credit cards. They’re the ones that have a bank’s or major credit card company’s name on them (like HSBC or American Express). But you might have also come across private label credit cards offered by one of your favourite stores. Not sure what we’re talking about? Don’t worry. We can help you sort it out.

Let’s take a look at what private label credit cards actually are and whether or not it’s a good idea to apply for them.

Private Label Credit Cards: What Are They?

A private label credit card is another name for a store credit card. They can be branded with specific retailers or other organizations. Underneath that

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Tags: Card, Credit Card