Security News You Need: Current Updates and Threats on Security

This past Sunday, November 30, CBS 60 Minutes aired an interview with Fireye CEO Dave DeWalt, entitled "Swiping Your Card". Among other statistics, the feature reveals that “illegal intrusions into the computer systems of U.S. companies is at a record high this year and climbing”. Key Points: • 2014 will forever be known as the year of the data breach due to the breaches at Target, Michaels, P.F. Chang’s and Home Depot • The goal of cybersecurity today is to ensure that the hackers, after they get in, can only leave with minimal information, instead of all of it. • 97% of companies are breached. As a result, most companies are growing their security spend. • 229 days is the average time intruders are in an enterprise’s system before getting caught • Hundreds of thousands of attacks are seen day and night across the globe • 80% of security breaches involve stolen and weak passwords • Cybersecurity criminals today are sophisticated operations, mostly overseas • While retailers like Target, when breached, will suffer brand damage, the banks end of paying to the tune of billionsRead less