Mr. Michael Cherry

GLG News^SM Analyses by Michael Cherry

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Hackers Target US – No Breach Resistant Credit Cards

February 23, 2010

Analysis of:Credit card data security: Who's responsible? | www.networkworld.com

Should America be given the same expensive breach resistant credit cards that populate the rest of the world?.Security at Heartland Payment Systems Inc. was breached and information affecting more than 100 million credit cards stolen.Henry Helgeson, CEO of Merchant Warehouse, argues that it's the job of merchant account providers like his company (and Heartland), to take the security measures necessary to prevent breaches, but enhancing existing cards could help..

Are the Credit Card Companies the Next Toyota?

February 21, 2010

Analysis of:Credit card data security: Who's responsible? | www.networkworld.com

Does America need the same breach resistant credit cards that populate the rest of the world?Heartland Payment Systems Inc was breached and information affecting more than 100 million cards was stolen.Phil Lieberman, CEO of Lieberman Software, argues that Heartland met its legal obligations and the breach was not the company's fault, but rather due to the lack of smart card technology that credit card issuers refuse to issue in the United States..

Utilities – A New Red Meat for Cyber Criminals?

February 9, 2010

Analysis of:Key infrastructure often cyberattack target: survey | councils.glgroup.com

The Center of Strategic and International Studies surveyed some 600 IT and security executives from the energy, transport, water and sewage, government, telecoms and financial sectors in 14 countries. Some findings: In most developed countries, critical infrastructure is connected to the Internet and can lack proper security functions Executives from 240 firms expect a major cyber security incident within the next year      120 firms have been the victims of financial extortion

A Cloud Ate My Fingerprints and Now it is Shopping for Jewelry

February 2, 2010

Analysis of:Data Center Virtualization: Cloud Computing – Ease Up on Security to Keep Carbon Under Check? | cloudcomputing.sys-con.com

The AFCOM association recently revealed the results of a survey of 436 data center sites that showed the following trends: Cyber terrorism is an increasing concern, mainframe deployment is declining, storage deployment is increasing, and “green” technologies are definitely happening. The survey goes on to note that currently only about one of every four data centers addresses cyber terrorism, and one in five has procedures in place to prevent an attack.

Cyber Security Is A Hopeless Failure; What’s Plan B?

January 25, 2010

Analysis of:Credit-Card Security Falters | online.wsj.com

Federal judges may shift direction and require Hanover Farms Inc., TD Ameritrade and UniCare Life & Health Insurance Co. to make class action payments for exposing third party information that can open the door to ID theft. Most web sites, software and operational procedures are hacker friendly and repairing them will take years. Plan B, is to attempt to stop theft by using Data Loss Prevention and Encryption tools. Unfortunately, some IT departments are rejecting these tools as too demanding.

View All GLG News ^SM Analyses by Michael Cherry