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6 Recent Real-Life Cyber Extortion Scams
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Marilyn Cohodas
Marilyn Cohodas,
User Rank: Strategist
6/24/2014 | 8:52:30 AM
Re: Two common Web application attacks illustrate security concerns
It's good to see companies saying no to these extortion scams, albeit with varying degrees of success. Code Space, of course, bore the brunt of the fallout from refusing to play ball. But its gratifying to see that Dominos and even the tiny Durham NH police department were able to stand firm.  
User Rank: Apprentice
6/24/2014 | 8:33:03 AM
Two common Web application attacks illustrate security concerns
This is alarming indeed scams such as this are bound to increase in the future unless organizations take measures to ensure their data and networks are safe and should mitigate these threats proactively with robust security and encryption . I work with McGladrey and there's a whitepaper on our website that offers useful information on the common security concerns for businesses and ways to mitigate them. "Two common Web application attacks illustrate security concerns"   @  http://bit.ly/1c0f35M  
User Rank: Ninja
6/23/2014 | 2:28:53 PM
Every incident like these should make each IT professional feel more responsible for the maintenance of digital asset integrity, whether as part of a security team, release team or wherever they may sit, angry and looking twice as hard for solutions.  Because these attackers are so effective right now, some companies are falling to concession.  But is concedence the  answer?  I've seen arguments for/against companies taking things into their own hands and fighting back with their own hackers, and I've seen arguments for/against the government taking more control of the Internet such that more checkpoints can be placed to offer more security to businesses (on paper, at least).  Many solutions have been proposed from architecture changes, organization changes and software implementations.  Yet here we are and these vicious attacks continue to happen.  Definitely sobering.  Companies are going to be making hard choices in the next couple years from a budget perspective and responsibility perspective in terms of how far they are willing to go to keep these attacks from happening again.

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