Your daily digest of “All Things Security” gathered, collected and researched by your very own 10Fold Security Practice team.
Big items to consider: Target reached another data breach settlement for MasterCard for $39m to settle claims brought by MasterCard and other class action suit members. China says that an investigation into the OPM breach relevels that it was a criminal act, not a state-sponsored attack. VTech hired a cyber forensic team from FireEye’s Mandiant incident response team to look into how VTech was handling its customer information, and how to improve the security for the future. Shark Tank star, who owns a Toronto-based pure play information security service company, revels how he believes hackers are the new mafia.
Target Corp. on Wednesday agreed to reimburse MasterCard Inc. and other U.S. financial institutions a total of about $39 million to settle claims brought against the retailer in connection with its massive 2013 data breach. The agreement includes a payment of up to $20.3 million to settlement class members who aren’t covered by other pacts. The remaining $19 million will fund MasterCard’s Account Data Compromise program relating to the data breach.
China’s official Xinhua news agency said on Wednesday an investigation into a massive U.S. computer breach last year that compromised data on more than 22 million federal workers found that the hacking attack was criminal, not state-sponsored. The report did not give details of who conducted the investigation or whether both U.S. and Chinese officials agreed with the conclusion.
VTech Holdings Ltd., the Hong Kong maker of digital learning toys and cordless phones, said Thursday a cyber forensic team is helping boost its security and that it is cooperating with law enforcement worldwide to investigate its recent data breach. The company said FireEye Inc.’s Mandiant Incident Response team is reviewing how it handles customer information and helping it strengthen the security of its systems after information about 6.4 million children and 4.9 million adults was exposed in the hack.
Toronto-based Herjavec Group is Canada’s largest pure-play information security services company. Over the past couple of years they have expanded in to the U.S., Europe, and Asia-Pacific, through organic growth and a few small but strategic acquisitions of MSSPs (managed security service providers). Herjavec’s firm recently did some of its own filming — “Hackers are the New Mafia: Breakfast and Security Roundtable with DarkMarket author Misha Glenny” — a video broadcast which discusses cybercrime with one of the top minds on the topic. Herjavec Group’s video was shot at their corporate headquarters and features Glenny recounting his experiences across 200 plus hours of research & interviews with the key players in the game of cybercrime including criminals, international security experts, politicians and fraud victims.