Phishing, a ‘social engineering’ ploy

  • 10 October 2014
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http://i1.wp.com/cyprus-mail.com/wp-content/uploads/2014/10/Phishing1.jpg?zoom=1.5&fit=730%2C9999Photo: Commons Wikipedia By Tal Klein
As Alexander Pope famously wrote, “To err is human; to forgive, divine.” The estimable Pope could afford to coin such highbrow quips because he was a poet, not a chief information security officer.
The JPMorgan Chase breach is the latest high-profile example of the risk that is inherent to all companies today. It is an especially pertinent example, given JPMorgan Chase’s position as the largest bank in the United States. But it is only the latest in a long list of organizations that have suffered a data breach. Thousands of organizations suffer data breaches each year, affecting millions of individuals. The consequences of these breaches range from inconvenient to catastrophic.
In June, a company called Code Spaces fell prey to a hacker who had gained administrative access to its network, and to its customers’ intellectual property. Ironically, Code Spaces offered technology companies a purportedly secure cloud-based code-hosting service that it could not protect. JPMorgan Chase will survive its mistake, although shareholders and consumers are becoming antsy. Code Spaces was not so lucky. Its systems and reputation mortally wounded, the company was forced to shutter within days of the attack.
 
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