Feeds

SecurID breach cost RSA $66m

In 2nd quarter alone

5 things you didn’t know about cloud backup

The security breach that targeted sensitive data relating to RSA's SecurID two-factor authentication product has cost parent company EMC $66m in the second quarter, The Washington Post has reported.

The king's ransom was spent after RSA issued a vaguely worded letter in March warning that undisclosed information had been stolen from its network that “could potentially be used to reduce the effectiveness of a current two-factor authentication implementation as part of a broader attack.”

The company came under blistering criticism for not providing additional details to customers, which include some of the world's biggest banks, media companies, government agencies and government contractors.

In a Tuesday conference call to discuss EMC's financial results, executive vice president David Goluden said the company spent the $66m to cover a variety of costs, including transaction monitoring for nervous customers and offering replacement tokens for those who asked for them.

“We incurred an accrued cost associated with investigating the attack, hardening our systems and working with customers to implement our remediation programs,” Goluden was quoted as saying.

EMC also said it alerted customers within hours of the breach and believes that the company was targeted for data on its defense and government agencies, rather than financial information, The Washington Post article said.

Since the breach, reports have emerged that attacks on at least two defense contractors - Lockheed Martin and L3 Communications - were aided by information stolen from RSA.

RSA has yet to say precisely what information was stolen, leading to speculation it includes the seeds used to generate one-time passwords on SecurID tokens. RSA has instead offered customers generic security advice, such as “enforce strong password and pin policies,” and “re-educate employees on the importance of avoiding suspicious emails.” ®

The essential guide to IT transformation

More from The Register

next story
One HUNDRED FAMOUS LADIES exposed NUDE online
Celebrity women victimised as Apple iCloud accounts reportedly popped
Rubbish WPS config sees WiFi router keys popped in seconds
Another day, another way in to your home router
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
NZ Justice Minister scalped as hacker leaks emails
Grab your popcorn: Subterfuge and slur disrupts election run up
HP: NORKS' cyber spying efforts actually a credible cyberthreat
'Sophisticated' spies, DIY tech and a TROLL ARMY – report
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
New Snowden leak: How NSA shared 850-billion-plus metadata records
'Federated search' spaffed info all over Five Eyes chums
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?