Toyota Boshoku Corporation, a subsidiary of automotive giant Toyota, became the most recent victim of an information security breach resulting in a fraudulent funds transfer. Suspicion is that a successful social engineering attack duped an employee into making the transfer. The fund transfer amounted to almost $37 million; a loss that if not recovered, may force the company to amend their annual earnings.
As a healthcare provider, you are responsible for costs when your business associate suffers a data breach. The Health Insurance Portability and Accessibility Act (HIPAA) defines a business associate as a person or entity performing functions or activities that involve the use or disclosure of protected health information (PHI) or electronic PHI (ePHI).
All over the country, students are heading to school unwittingly, placing their personal data at risk. Schools, universities and colleges collect a wide range of sensitive data on each of their students. Digitized student data often includes health data, social security numbers, and birth dates, as well as financial, academic, and personal contact information. If cyber criminals acquire even a few pieces of this data, the results for the student could be lifelong.
IoT and wearable sensors are a vital source of data in the knowledge economy. How can we start to address the risks posed by these devices? Below is a set of five key risk factors and associated countermeasures to help mitigate them.