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It found that there are four areas where businesses have felt the shocks, all of which have led them to rethink the way they store and manage sensitive commercial data: 1) Data sovereignty tops the agenda In the post-Snowden world, data sovereignty – where data is physically hosted – is now a hugely contentious subject for businesses.
In recent years, the Chinese frequently stole sensitive commercial data, such as intellectual property, to gain competitive advantages for their state-owned enterprises.
Mandiant reports that the group it tracked, dubbed APT1, has stolen hundreds of terabytes of sensitive commercial data from at least 141 companies since 2006, and also breached Telvent, a Canadian company whose software is used to remotely manage energy infrastructure.
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Even non-sensitive commercial information.
"As storing sensitive personal and commercial data electronically becomes less of a luxury and more of a necessity, protecting that data has also become a necessity," the attorneys for Microsoft and Google wrote.
But Dr. Sailor said that exploding chips could be used to develop new types of portable chemical analyzers for biowarfare, provide a source of power or light for extremely tiny machines or allow computers containing highly sensitive commercial or government data to self-destruct if they fall into the wrong hands.
Back in late 2014 hackers leaked a huge cache of email data stolen from the company's movie division, Sony Pictures Entertainment, leading to huge embarrassment as sensitive personal and commercial data was dumped online.
"This would be expensive, and likely to reduce the rapid rate of innovation that has driven the development of the internet to date … But if states cannot trust that their citizens' personal data – as well as sensitive commercial and government information – will not otherwise be swept up in giant surveillance operations, this may be a price they are willing to pay".
"This would be expensive, and likely reduce the rapid rate of innovation that has driven the development of the internet to date … But if states cannot trust that their citizens' personal data – as well as sensitive commercial and government information – will not otherwise be swept up in giant surveillance operations, this may be a price they are willing to pay".
That includes activists, politicians, diplomats, some journalists, and people with sensitive commercial or industrial information.
[C3.] U.S. Settles With ChoicePoint Over Data Theft The Federal Trade Commission announced that it had reached a $15 million settlement with ChoicePoint Inc., the commercial data broker that disclosed last February that thieves had duped the company into turning over sensitive data on more than 160,000 consumers.
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