We are dedicated to bringing you an updated list of news stories important to your business.Tuesday, October 18, 2005
Punishing Sloppy Security
Brian Krebs on Computer Security
The Federal Trade Commission released information yesterday on a settlement it reached recently in a case involving a fairly large mortgage company that falsely claimed to be protecting the personal and financial details of its customers. Reading the details of the case, I'm starting to wonder just how pervasive these kinds of atrocious security practices really are.
The company was Tuckerton, N.J.-based Superior Mortgage Corp., a lender with 40 branch offices in 10 states and multiple Web sites. The FTC sued Superior for violating federal safeguard rules on data privacy, alleging the company routinely transmitted customers' Social Security numbers, credit histories, credit card numbers and other sensitive information via unencrypted e-mail .
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The Federal Trade Commission released information yesterday on a settlement it reached recently in a case involving a fairly large mortgage company that falsely claimed to be protecting the personal and financial details of its customers. Reading the details of the case, I'm starting to wonder just how pervasive these kinds of atrocious security practices really are.
The company was Tuckerton, N.J.-based Superior Mortgage Corp., a lender with 40 branch offices in 10 states and multiple Web sites. The FTC sued Superior for violating federal safeguard rules on data privacy, alleging the company routinely transmitted customers' Social Security numbers, credit histories, credit card numbers and other sensitive information via unencrypted e-mail .
Read Full Story
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