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Breach case could curtail web flaw finders : An article about a security consultant who was prosecuted after uncovering flaws in USC's online application software.
Credit card information is what is most often stolen in a data breach case, like the recent CardSystems Solutions fiasco, in which as many as 40 million credit cards may have been compromised.
Five Eastern European computer programmers were charged by the United States attorney in New Jersey with hacking into the servers of more than a dozen large American companies and stealing 160 million credit card numbers in what the authorities called the largest hacking and data breach case ever.
Updated, 8 40 p.m. | A prolific gang of foreign hackers stole and sold 160 million credit card numbers from more than a dozen companies, causing hundreds of millions of dollars in losses, federal prosecutors charged on Thursday in what they described as the largest hacking and data breach case in the country.
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Proof of injury and Article III standing issues continue to be front and center in data breach cases.
Congress is considering more than two dozen bills on what companies should be required to do in data breach cases.
"Unbundling Efficient Breach" by Maria Bigoni, Stefania Bortolotti et al. Current law and economics scholarship analyzes efficient breach cases monolithically.
The data show that test participants' reactions differ with respect to gain-seeking and loss-avoiding breaches, exhibiting behavior in line with our theoretical predictions, giving us insight into the preferences and expectations of ordinary people in cases of breach, and being correlated with the apparent intuitions of judges in deciding efficient breach cases.
However, by simplistically grouping efficient breach cases as of a single kind, the prior literature overlooks some important factors that meaningfully distinguish types of efficient breach, such as effects of the breach on productive and allocative efficiency, restraints on the incentive to breach, information-forcing, and competitive effects of the right to breach.
The court instead analogized Onity's situation to data breach cases like Reilly v. Ceredian, where consumers' personal data is stolen but consumers can't show directly attributable adverse consequence from this theft.
It's embarrassing to think that this happens at all, let alone comprises a high percentage of data breach cases.
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