website statistics

The U.S. Securities and Exchange Commission had given the companies clear injunctions as to when and how they may report if they face any cyber attacks.

What is the next Gadget you want?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading ... Loading ...

Cyber attacks are increasingly becoming a norm in our world which is hooked to the digital realm. However, not many companies wish to report when they face a cyber attack, primarily because if such a cyber attack puts their data at risk, they wouldn’t want their repute to be at stake by making that information public.


It’s been months since U.S. securities regulators had issued guidelines stating that if a company faced a cyber attack, it must report it. The U.S. Securities and Exchange Commission had given the companies clear injunctions as to when and how they may report if they face any cyber attacks. However, despite that, many companies continue to keep the cyber attack they face under wraps and choose not to report it.

This has now been revealed by notable security experts in U.S. according to whom, they are aware of many such cyber attacks on many organizations which are never reported to the securities regulators. Shawn Henry, who was among the main members of FBI’s cyber team, says, “There have been lots of breaches in every industry that have never been publicized.”

Henry formerly worked with FBI and now works with a cyber security company. According to him, when he worked with FBI, his team had only a few cases to work on since most cases never got reported. One of the notable reasons for this is that some companies simply do not care if their information is stolen by, say, the Chinese. According to a company whose data was hacked by Chinese hackers, these hackers couldn’t really use their intellectual property in a way that may harm the company. And that’s why the company chose not to report it.

In Japan, it is compulsory for a company to report a cyber attack to the authorities, even if it may not reveal it to the public. In U.S., however, this is voluntary so far and that is why companies tend to take advantage of this relaxation. Many companies have lost millions of dollars due to these cyber attacks and some have been unaware of their data being stolen until FBI informed them so. Such behavior, on the part of these companies, is quite appalling.

Source: Reuters

Buy Cheapest Related Product From Amazon.com


According To Reports, Windows RT License Will Cost $85

‘Ghost’ Launched By Honeynet Project To Capture USB Malware
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On June 15, 2012(1 year, 10 months ago.)

Recent Search

Recent Tutorials

At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Do you want to record Skype calls but don't know how to do that? Then this guide is absolutely for you. Get inside the article for details.
Do you know that many companies can track you on Facebook? Do you want to know who they are? Do you want to block them?
So you've been planning on replacing your old hard drive with the new drive? This tutorial helps you with a few simple steps.
Bitcoin is a digital currency that has gained extraordinary momentum in the last few months. This tutorial helps you get started with the basics.
Android lockscreen can be secured in a number of ways, some of which are described in this brief tutorial.
This review of iSkysoft Video Converter tells you everything you want to know about this Win 8/7 compatible video/DVD tool. Check the below to learn more details.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook