What happens when a cyber criminal gains access to the customer credit records that a business owner thought were secure? When it's your business and your customers, you must do whatever it takes to make things right. Unfortunately, the consequences that merchants face if their credit card data is breached may go far beyond a loss of immediate income. Setting things right for your customers may lead to a financial setback for you and your business.
Large scale data breaches have made for big time headlines in the past few months. The most notorious being the Target data breach over the holiday season with 40 million debit and credit card accounts compromised.
Time magazine reported on May, 23 that Ebay was also hit with a massive cyberattack that exposed the account information of 100 million users. The Attorney Generals of Florida, Connecticut and Illinois along with the authorities in the EU and UK have opened an investigation into this cyberattack.
Botnets, a group of malware-infested computers that act together to pollute the world with spam and Distributed Denial of Service (DDoS) attacks, may become more threatening with the recent end of Windows XP support on April 8th.
Because Microsoft no longer supports Windows XP, an old and outdated operating system,
Lately, there has been quite a bit of mention of a "Heartbleed" Security Flaw. Unless you are an active web developer maintaining some form of website, you are unlikely to be privy as to what Heartbleed actually is.
Heartbleed is not a technical term, but is rather a pseudonym for the failure of the popular encryption library, OpenSSL (Open Secure Sockets Layer).
The primary purpose behind implementations of OpenSSL on websites was to encrypt sensitive information, such as passwords and credit card information.