insider threat Archives - GenX Solutions

American Express and Yahoo Report Data Breaches Resulting in Insider Threats Two separate data breaches on two large U.S. enterprises, American Express and Yahoo, have recently been disclosed. The data breaches were carried out, not by external actors but by employees, highlighting the risk of insider threats. Starting last September 30th, American Express has issued a "Notice of Data Breach" to an undisclosed number of customers. The company said that personal information, including full name, physical and/or billing address, date of birth, Social Security number, and current and previously issued American Express Card account number were compromised in the data breach. In the Notice of Data Breach, American Express said the compromised personal information "may have been wrongfully accessed by one of our employees". The motive of the data breach,…

Insider Threat: Threat Within Your Organization Not all cyber threats come from malicious outsiders. Cyber threats could also come within your organization. The recent data breach at the US regional banking giant SunTrust is an example of an insider threat. According to SunTrust, a former employee of the company got hold of the contact details, including name, address, phone number and certain account balances of nearly 1.5 million of the company’s clients. "Ensuring personal information security is fundamental to our purpose as a company of advancing financial well-being," Bill Rogers, SunTrust chairman and CEO, said in a statement. "We apologize to clients who may have been affected by this. We have heightened our monitoring of accounts and increased other security measures. While we have not identified significant fraudulent activity, we…