Private Data Leakage Costs Chipotle 5.6M dollars
In the IPO SEC filing privately held company Chipotle states that it has lost $5.6 million as a result of sensitive data leakage last August (1.6M for short term expenses and 4M for reserve fund to deal with claims arising from possible ID theft). Thus private data leakage costs 91% of Chipotle's profits in 2004.
COSO's Section 404 Compliance: Expert Insights
The staff will continue to monitor and assess the effects of the internal control reporting rules on smaller public companies The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published for comment new guidance on the use of its framework to address the needs of smaller businesses in fulfilling the requirements of Section 404 of the Sarbanes-Oxley Act.
iPod Is a Serious Data Leakage Channel
A survey conducted by US investigators points that iPod is very serious sensitive data leakage channel and an open door for spyware and malicious codes. In addition, there have already been registered incidents when employee copied classified information to portable devices, including iPod, and then took them away from an office.
ID Theft Threaten Corporations
The Federation of Small Businesses warns that small and medium enterprises are vulnerable to corporate identity theft. The consequences of such fraud can be catastrophic for small businesses.
BPOs May Not Be Liable For Data Theft
An amended Indian IT Act will exclude BPOs from being a network service provider. Hence outsourcing firms will not be held liable for any clients' sensitive data theft that will probably incerase insider trading and credit card or bank account details leakages.
Alabama Is to Protect Citizens' Private Data
The Criminal Justice Information Center Commission of Alabama decided to change police reports form putting victims' personal information and details about crimes out of public view.
Two Call Center's Directors Proved to Be Insiders
Two Indian call center directors were arrested for allegedly leaking the company's confidential information and diverting BPO deals to its competitors, reported Hindustantimes.com.
Fired Worker Stole Private Data from Its Former Employer
GTA (Georgia Technology Authority) warns 465,000 Georgia drivers and government workers that they are at the risk of ID theft due to private data leakage registered last April, reported 11 Alive. GTA is the state's chief data agency, operating and maintaining the state's computer and telephone systems.
