One of 2013’s most publicized security breaches was the renowned Target hack. Now two years later, the multibillion dollar giant is reported to pay as much as $20 million to banks issuing MasterCard over costs from the incident.
Following the turmoil brought on by National Security Agency leaker Edward Snowden, there has been a huge emphasis on data privacy and information security. To combat the public’s concerns, insiders say Facebook is working on a security policy that would make it harder for the government to access users’ data.
LulzSec, famed British hacktivist collective, have been dealt the longest jail sentences ever for hacking. The group of young hackers has been behind several advanced cyberattacks on institutions across various sectors.
LivingSocial, the daily deals site partially owned by Amazon, disclosed Friday that they had suffered a serious cyber attack. CEO Tim O’Shaughnessy sent an email to his employees to admit the resulting “unauthorized access to some customer data” and that they were “actively working with law enforcement to investigate this issue.”