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Sunnyvale, Calif.-based network security company Blue Coat Systems has reached an agreement to purchase Cupertino, Calif.-based bandwidth management company Packeteer for approximately $268 million, or $7.10 per share -- a 15 percent premium on Packeteer's closing price Friday of $6.18. The acquisit...
Since 2005, millions of citizens have been affected by reported and unreported data breaches at payment processors, banks and retailers -- but the nation was still stunned when news broke out about the TJX data breach. This has indeed been a larger problem than most recognize, with some 88 million c...
A firestorm of fury has erupted over behavioral tracking -- the tracking of consumers online by marketing companies and advertisers to serve them up with targeted advertisements when they're on the Web. Both consumer organizations and trade and industry groups have responded to the Federal Trade Com...
The acronym GRC -- governance, risk and compliance -- has become a boardroom buzzword. The reasons? First, there are growing governmental and industry-specific compliance and security regulations. Next, there's the immediate need to effectively manage and mitigate the mounting business and operation...
Spending your tax refund before it arrives? You might want to rethink that plan -- and not just because it's fiscally imprudent. There is a growing chance that this tax season you'll learn for the first time that you were the victim of identity theft at some point during the last year. A disturbing ...
Military gear that could be used in terrorist operations is showing up on eBay and Craigslist, and some lawmakers are calling for action. In response to the House Subcommittee on Security and National Affairs' request to investigate online sales of sensitive military equipment, the Government Accoun...
Few people would dispute the mystique that surrounds the boardroom. This allure has been around for some time, but it was recently heightened by the popular TV series "The Apprentice" with business icon Donald Trump. Boards of directors deal with sensitive issues and handle privileged information, a...
The financial losses tied to Internet crime reached record levels in 2007, the FBI said Thursday, citing data from its annual Internet Crime Report. The Internet Crime Complaint Center, or IC3 -- which the FBI operates along with the nonprofit National White Collar Crime Center -- fielded 206,884 co...
Working with online car sales leads since the early part of the dot-com era, the cofounders of the Detroit Trading Exchange saw firsthand the inefficiencies in the market and set out to address them. The result is a robust and active trading exchange where car dealers and others bid to buy more than...
Scarborough, Maine-based Hannaford Bros. in a Boston Globe report Friday confirmed that malware that had been installed on the 271-store chain's servers led to a data breach that compromised as many as 4.2 million debit and credit card accounts. Hannaford told Massachusetts regulators that it found ...
The U.S. government is tapping into the private sector to head up a new bureaucracy to help fend off cyber-attacks. The Bush administration is bringing in Silicon Valley entrepreneur Rod Beckstrom to head up the National Cyber Security Center, according to news reports. The new center was created in...
Having your private information leaked is bad enough, but having it put on BitTorrent is really the final insult. It happened before with MySpace photos. By most accounts, the private images made available earlier this year via peer-to-peer networks consisted mostly of poorly snapped photos of peopl...
Fraud is big business. Well-funded, well-orchestrated, sophisticated fraud rings aggressively change tactics and invent new technologies to cash in on the unprotected assets awaiting plunder. Every organization that provides individual service to its customers, employees, members or community is fac...
Think combating fraud is not of paramount concern to online merchants? The topic was front and center at the Merchant Risk Council's annual conference held in early March. Online merchants gathered there were eager to get a deeper level of understanding of how better to combat fraud -- fraudulent c...
There's a very important question that many CIOs, CFOs and CEOs of e-commerce companies should be asking and aren't: Who controls the data? If they were, they'd realize that the person with the most unchecked power over their data integrity is probably their database administrator. By overlooking th...
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