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Domingo, 04 Agosto 2013 11:20 |
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onehitwonder writes "A recent article in The Wall Street Journal's CIO Journal argues in favor of the benefits of cyber liability insurance — policies designed to help companies cover costs they incur in the aftermath of data breaches (whether for investigation, remediation, customer notification, regulatory fines or legal settlements). Two Deloitte consultants interviewed for the article argue that cyber insurance can help companies offset the increasingly staggering costs of a data breach. (Several of the biggest data breaches in recent history, including Heartland and TJX, have cost those companies hundreds of millions of dollars. A Mizuho Investors Securities analyst estimated the total cost of the 2011 Sony data breaches at $1.25 billion.) The question is: will insurance providers really come through when companies begin filing claims on their cyber liability policies, or will they find ways out? A 2011 article from Computerworld notes that even though a growing number of companies have been purchasing cyber insurance, it's hard to find examples where one of those policies has actually covered the costs of a data breach. Moreover, the Computerworld article points out that many cyber insurance policies cover only the cost of re-creating whatever data may have been lost during the breach — not notification costs, legal costs or other related expenses." Read more of this story at Slashdot. 
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Domingo, 04 Agosto 2013 08:22 |
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An anonymous reader writes "The New York Times announced this morning that it has sold the Boston Globe newspaper and related assets, including the Boston.com website and the Worcester Telegram & Gazette daily paper, to John Henry, the principal owner of the Boston Red Sox. The price was $70 million in cash, a small fraction of the $1.1 billion the Times paid to acquire the Globe in 1993, and does not include assumption of the Globe's pension liabilities, estimated at $110 million, which will remain with the Times. Since then the paper's weekday circulation has fallen from 507,000 to 246,000 (including digital), mirroring the declining fortunes of many other daily newspapers across the country. Henry, who also owns the Liverpool FC and various other sports- and media- related properties, made his fortune in the investment industry; however, his hedge fund company recently closed after several years of poor performance." Read more of this story at Slashdot. 
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Domingo, 04 Agosto 2013 05:30 |
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New submitter Juggler writes "Mailpile, a new Free Software project out of Iceland, launched at the #OHM2013 hacker festival in Holland today. The talk's brief demo garnered rounds of applause and was followed by the launch of an Indiegogo campaign which, if funded, will allow them work full time on building a modern e-mail/web-mail client. The team's main goals are to address the usability issues that prevent non-technical folks from taking advantage of secure e-mail today, bring new life to FOSS e-mail development and provide a realistic alternative to keeping e-mail in the cloud." Read more of this story at Slashdot. 
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Domingo, 04 Agosto 2013 02:07 |
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chicksdaddy writes "Two researchers at the Black Hat Briefings security conference Thursday said Smart TVs from electronics giant Samsung are rife with vulnerabilities in the underlying operating system and Java-based applications. Those vulnerabilities could be used to steal sensitive information on the device owner, or even spy on the television's surroundings using an integrated webcam. Speaking in Las Vegas, Aaron Grattafiori and Josh Yavor, both security engineers at the firm ISEC Partners, described Smart TVs as Linux boxes outfitted with a Webkit-based browser. They demonstrated how vulnerabilities in SmartHub, the Java-based application that is responsible for many of the Smart TV's interactive features, could be exploited by a local or remote attacker to surreptitiously activate and control an embedded webcam on the SmartTV, launch drive-by download attacks and steal local user credentials and those of connected devices, browser history, cache and cookies as well as credentials for the local wireless network. Samsung has issued patches for many of the affected devices and promises more changes in its next version of the Smart TV. This isn't the first time Smart TVs have been shown to be vulnerable. In December, researchers at the firm ReVuln also disclosed a vulnerability in the Smart TV's firmware that could be used to launch remote attacks." Read more of this story at Slashdot. 
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