mrgodfrey3at July 15,2015 Institutions and businesses need to operate with the assumption that their networks will be compromised - but how will we mitigate the harm and prevent the loss of data? The lack of security awareness by the companies is astounding. In the end, the consumers become the victims.
arautat July 20,2015 "Former hacker Now Security Analyst" - Instead of outing the real smart hackers, may be turn them on your side? Its only recent universities are teaching courses focused on Cyber Security, and still they cannot find enough people to fill security positions.
TimWalshat July 21,2015 I think overall this shows that the private sector is largely underprepared when it comes to cyber crime. Companies are only recently realizing the importance of cybersecurity and few know how to really deal with it.
I think my biggest takeaway from this video is that these sorts of financial crimes (though perhaps to to the scale of the one shown in this video) probably make up the overwhelming majority of attacks. We tend to focus on things like Stuxnet but overlook the types of cybercrimes that occur everyday.
randerson0at July 22,2015 This video makes it sounds like TJ Maxx took no hit from this hack because it didn't it the headlines. Some of the articles I've read online say that they lost over $250 million. While another article about the Target hack says Target only lost around $150 million and Target was much more heavily publicized.
kkrishnaat July 22,2015 I think the video was very interesting. Obviously, the private sector really doesn't invest in a great deal in cybersecurity. In this case, they benefitted from the authorities not making it public. On the other hand, recent breaches at Target or Home Depot have made headlines and led to bad publicity for these public relations. I think that companies will now need to invest in cybersecurity in a larger fashion. Target lost a lot of money and took a huge hit by not investing in an effective cybersecurity framework.