UPDATED 11:42 EDT / JUNE 16 2011

Hackers Binge Eats Latest Victims: ADP, Citibank and More

A few days ago Sony, Amazon, RSA, Nintendo and Android found themselves problem-solving on how their systems were hacked.  Today, ADP, Citibank, IMF, Codemasters, Bioware and list goes on—are the latest victims of security breaches by cyber criminals. These activities very well put customers’ data at unimaginable risk and organizations’ security forces costs to go up.

Targeted attacks, especially on big data, have been taking place at large scales for more than 6 months now. Injured parties like Sony have been hacked not once, but repeatedly. The most recent incident compromised around 1 million accounts. Some experts believed that despite a weak password scheme, Sony placed second in largest data breach in history (second to Heartland Payment Systems’ 130 million records stolen in 2009).

Google’s battle since the early part of 2011 still continues as they wash up more malware attacks to alleviate the compromised trust of end users. RSA SecurID’s capacity to secure identities earned a big question mark when they recalled thousands of products in response to federal contractor breaches.

Just today, the payroll firm Automatic Data Processing (ADP) acknowledges system intrusion and estimated to harm their recently acquired benefits admin company, Workscape. Other details were not disclosed as the company investigates on this digital misfortune. Still within the finance space, Citibank was hacked by altering URLs and exposed over 360,000 customers’ credit information.

But, industries in and out the tech sphere cannot keep mum on what seems to be the year of the hacker. Yesterday’s CREATE forum sponsored by Arts + Labs gathered artists and influential personalities to talk about digital counterfeiting and data breaches.

With the biggest names in the tech and financial industries admitting intrusion and data breaches, it seems like no one is really hacker-proof.  For the most part, it’s the cloud reputation that suffers. Some companies tend to veil the actual number of casualties or the gravity of the damage that has been made by these cyber attacks.  Looks like absolute security is unfeasible, only manageable risks. The series of hacking events only leave us guessing who will be next in line?

 


A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU