In the days prior to Thanksgiving 2013, malware designed to steal credit card data at Target was surreptitiously installed. According to Bloomberg BusinessWeek, the company had installed a malware detection tool. Target had specialists in Bangalore to monitor its computers around the clock. Two days after Thanksgiving, the malware was spotted. The team in India got an alert and flagged Target’s security managers. And then?
Nothing happened. Target’s alert system had worked effectively. But then, Target stood by as 40 million credit card numbers flowed out of its computers. Only a few months later, CEO Gregg Steinhafel and CIO Beth Jacob were both out of the company.
Cybersecurity has become widely recognized as a critical corporate challenge. Boards and senior managements are putting it on their agenda, categorizing cybersecurity not as a compartmentalized risk for the information technology team, but as strategic and enterprise-wide.
View original post 737 more words