August 24, 2016
Dow Jones Latest Cybersecurity Month Cautionary Tale
Oct. 12, 2015
National Cybersecurity Month has not begun auspiciously. Not even halfway through October, another breach has garnered national headlines along with those at Experian , LoopPay and Scottrade . Dow Jones, publisher of the Wall Street Journal, MarketWatch and other financial publications, on Friday informed its customers its network security had been breached, exposing personally identifiable information including payment-card details of up to 3,500 individuals.
The letter from William Lewis, CEO of Dow Jones (which is owned by Rupert Murdoch’s News Corp.), said the focus of the attack appears to have been to obtain “contact information such as names, addresses, email addresses and phone numbers of current and former subscribers in order to send fraudulent solicitations.” Although fraudsters are using such information now increasingly to either takeover existing online accounts or create new ones in an effort to monetize the stolen information.
While the reported number of individuals affected is relatively small, Dow Jones said unauthorized access to its systems began in August 2012 and lasted until July 2015.