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BUSINESS
September 25, 2012 | By E. Scott Reckard
A day of disruptions in Wells Fargo & Co.'s electronic banking operations apparently was the latest in a series of cyber attacks that disrupted online operations at Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. A computer security expert blamed massive denial of service attacks, in which perpetrators overwhelm computer servers with communications demands, causing networks to seize up or slow down. In a posting at Pastebin.com, a group calling itself the Izz al-Din al-Qassam Cyber Fighters claimed responsibility for last week's outages at Bank of America, Citi, and JPMorgan before hitting Wells Fargo.
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BUSINESS
July 13, 2000 | From Associated Press
A notorious computer hacker who led the FBI on a three-year manhunt while allegedly causing millions of dollars in damage to technology companies now has federal permission to pursue work as a computer consultant or online writer. It's a "180-degree change" in the restrictions previously enforced by Kevin Mitnick's probation officer, Mitnick attorney Donald Randolph said Wednesday.
BUSINESS
March 25, 2005 | From Bloomberg News
The Securities and Exchange Commission's computer security system has weak controls that put financial information and other data at risk of being stolen, a congressional watchdog agency said Thursday. The Government Accountability Office faulted the SEC for leaving computers logged on in public areas, not protecting passwords and not removing access for terminated employees for as long as eight months.
BUSINESS
August 25, 2003 | From Reuters
The fast-spreading SoBig.F e-mail virus slowed Sunday and failed for a second time to launch a remote data attack using thousands of infected personal computers, computer security experts said. SoBig.F, which emerged Aug. 18, was programmed to unleash a data attack at noon PDT Sunday. But the trigger -- a computer program unwittingly installed on 20 poorly defended computers mostly in the United States and Canada -- was deactivated Friday.
BUSINESS
November 20, 1987 | DAVID OLMOS, Times Staff Writer
Robert W. Herman can sympathize with companies that make automobile air bags--one of those sure-fire products of the future that deflated somewhere along the road. Herman, one of Orange County's high-tech pioneers and founder of Codercard, a tiny Irvine company that makes computer security cards, has been waiting--and waiting--for his firm's products to find a market. Unlike those unlucky makers of air bags, however, Herman may be nearly through waiting.
BUSINESS
August 7, 1988 | GEORGE WHITE, Times Staff Writer
The corporate war against computer crime has come into the open. Executives are stepping up efforts to stop computer hackers and disgruntled employees from manipulating their data processing systems to embezzle funds, uncover secrets and destroy data. Among other things, security-conscious businesses are installing sophisticated "access control" gadgetry, bringing in special consultants and working more closely with other companies and law enforcement authorities.
NEWS
December 7, 1988
The Pentagon has decided to establish an emergency team of computer experts and a small crisis communications center to respond to future "virus" attacks on its scientific and contractor computer networks. The team will "include over 100 experts throughout the United States whose expertise and knowledge will be called upon when needed," a Defense Department statement said.
BUSINESS
May 27, 1989
Codercard Inc., Santa Ana, lost $478,370 for its third quarter ended March 31, compared to a loss of $195,998 for the like period a year ago. The computer security company said the increased loss was attributable to product development costs and a reduction in the recorded value of its inventory. No sales for the quarter were reported, and the $121 revenue resulted from interest income. That compares to revenue of $21,858 for the comparable period last year. For the first 9 months of fiscal 1989, the company reported a loss of $913,580, more than double the $436,517 posted for the comparable period last year.
NEWS
January 27, 2000 | From Times Wire Services
Computer hackers have raided the Web site of a Japanese government agency, the third national entity to be so targeted in a week, just a day after central authorities convened an emergency meeting to discuss beefing up computer security, newspapers said today. The government tried to play down the security lapses, urging against widely publicizing the raids.
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