Jaime Chanaga, CISSP, CISA

Chinese Hackers Breach Rolls Royce and Royal Dutch Shell Computer Networks, MI5 Warns UK Firms

Recently Chinese state sponsored hackers managed to penetrate the computer networks of Rolls Royce and Royal Dutch Shell in the UK (See article:  Secrets of Shell and Rolls-Royce come under attack from China’s spies).   

The seriousness of the Rolls Royce and Royal Dutch Shell incidents and the increased level of state sponsored hacker attacks have prompted MI5, the United Kingdom's counter-intelligence and security service, to warn other companies to be vigilant against this type of industrial espionage.

State sponsored cyber espionage is a serious threat to the national security of all nations.

TJX (NYSE: TJX) Pays $40.9 Million In Restitution To Visa Inc. For Data Breach

TJX (NYSE: TJX) has paid $40.9 million in restitution to Visa Inc. to settle all claims related to the data breach that compromised nearly 46 million credit cards.  Visa Inc. has also recently settled fines against Fifth Third Bancorp (NASDAQ: FITB) - (See: http://blog.csoboard.com/cso/2007/11/fifth-third-ban.html).

Retail merchants and financial institutions are waking up to the reality that they must work together to better protect the integrity, security, and privacy of their customers' financial information.   Let's all hope as consumers that industry can achieve those lofty goals.

For more information see:

• Boston Globe - TJX agrees to reimburse banks
• New York Times - Retailer to Pay $40 Million