With the disturbing revelation that a hacker may have infiltrated the computer systems of a United Airlines flight and possibly interfered with its navigation, the issue of cybersecurity should take on a new sense of urgency.
This comes on the heels of many other recent high profile breaches. Hackers stole the credit card information of 70 million customers from retail giant Target in 2013 and 56 million from Home Depot in 2014; this year, health insurer Anthem announced that cyber thieves swiped 80 million social security numbers from its computers; and last year, online auction site eBay suffered an intrusion that left 145 million user records compromised.
The damage to companies in terms of consumer confidence, public image, and legal trouble from such incidents can be considerable, but nowhere are the effects of cybercrime more dangerous than in finance, where highly sensitive information, large sums of money, and people’s livelihoods…
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