Breaches and Fraud
It is hard to believe that it’s been 10 years since the earthshaking information breach against Target. The Target Corporation's cyberattack may have compromised 70 million debit and credit cards. Of the 11 gigabytes of data leaked in the event, up to 70 million people's names, mailing addresses, phone numbers, email addresses, and credit card information were exposed. Nobody knew how it happened at the time, but it was the first of several business alerts about how susceptible their vendor networks were to insider threats and external hackers. This is our lead story in today’s newsletter from renowned cybersecurity guru Chuck Brooks, who reviews the incident and its aftermath.
Stacy Hadeka and Jasmeet K. Ahuja with the firm Hogan Lovells provide a detailed and comprehensive overview of the DOJ’s pursuit of cybersecurity fraud under the Civil Cyber-Fraud Initiative that targets cybersecurity-related fraud conducted by government contractors and federal grant recipients. The recent DOJ settlements and ongoing qui tam actions confirm that the number of enforcement actions will continue to increase. Contractors and grantees should brace for additional scrutiny and potential whistleblower claims in this area and carefully track fast-evolving cybersecurity rules and regulations, prioritizing related compliance efforts.
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Steve Lasky, Editorial Director for the EBM Security Media Group
