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  • Should Hacked Companies Disclose Their Losses?
    By on November 5, 2012 | Comments Off  Comments

    derekmead writes “By law, US companies don’t have to say a word about hacker attacks, regardless of how much it might’ve cost their bottom line. Comment, the group of Chinese hackers suspected in the recent-reported Coke breach, also broke into the computers of the world’s largest steel company, ArcelorMittal. ArcelorMittal doesn’t know exactly how much was stolen and didn’t think it was relevant to share news of the attack with its shareholders. (more…)

  • Court Rules Website Terms of Service Agreement Completely Invalid
    By on November 1, 2012 | Comments Off  Comments

    another random user sends this excerpt from Business Insider:
    “In January, hackers got hold of 24 million Zappos customers’ email addresses and other personal information. Some of those customers have been suing Zappos, an online shoes and clothing retailer that’s owned by Amazon.com. Zappos wants the matter to go into arbitration, citing its terms of service. The problem: A federal court just ruled that agreement completely invalid. So (more…)