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Let's see... TJ Max, UBS, Knight Capital, Heartland Payment Systems, Visa, Sony (already mentioned, but it's my fave), Stanford, Countless other hospitals, e-c

Let's see... TJ Max, UBS, Knight Capital, Heartland Payment Systems, Visa, Sony (already mentioned, but it's my fave), Stanford, Countless other hospitals, e-commerce vendors, banks, and other organizations that handle payment or personal information. If you want to say "name a startup that's gone out of business because of a security problem" I'll let you away with that. There's still instances, and I'd love startups to pay more attention to security, but I know reality as well...

Permit 13y ago
What was Knight Capital's security problem?
- jlkinsel 13y ago
  Last year when KC shot themselves in the face, they were running trading algos that hadn't been well tested. When dropped into production, things blew up fairly quickly. I probably should have left it off the list, it's more of a compliance/procedural issue than purely infosec.
- chollida1 13y ago
  They had nothing to do with security. The GP was stretching a fair bit to try and make a point. They had an issue with deploying....supposedly:) They still haven't come out and said exactly what the issue was.
dave5104 13y ago
How exactly has Stanford had its business impacted due to a security breach? I'm only thinking in terms of people wanting to apply, and I can't imagine how that'd be a deterrent.
- jlkinsel 13y ago
  Stanford's a little more than a college. There have been at least 5 HIPAA breaches, with at least 70k people's information compromised. http://www.healthcareitnews.com/news/stanford-reports-fifth-big-hipaa-breach http://www.healthcareitnews.com/news/stanford-reports-fifth-...
  - jlkinsel 13y ago
    To go a little further - at a glance, it's not clear if they've been fined yet or not, but either way there's soft costs to all of this - being in the news in a negative light, some patients will go elsewhere, their insurance premiums are going to go up as a result of the breaches, etc etc.
Someone 13y ago
http://en.wikipedia.org/wiki/Bitcoin#Theft_and_technical_vulnerabilities http://en.wikipedia.org/wiki/Bitcoin#Theft_and_technical_vul... has quite a few startups going down due to security issues.

Permit 13y ago

What was Knight Capital's security problem?

jlkinsel 13y ago
Last year when KC shot themselves in the face, they were running trading algos that hadn't been well tested. When dropped into production, things blew up fairly quickly. I probably should have left it off the list, it's more of a compliance/procedural issue than purely infosec.
chollida1 13y ago
They had nothing to do with security. The GP was stretching a fair bit to try and make a point. They had an issue with deploying....supposedly:) They still haven't come out and said exactly what the issue was.

dave5104 13y ago

How exactly has Stanford had its business impacted due to a security breach? I'm only thinking in terms of people wanting to apply, and I can't imagine how that'd be a deterrent.

jlkinsel 13y ago
Stanford's a little more than a college. There have been at least 5 HIPAA breaches, with at least 70k people's information compromised. http://www.healthcareitnews.com/news/stanford-reports-fifth-big-hipaa-breach http://www.healthcareitnews.com/news/stanford-reports-fifth-...
- jlkinsel 13y ago
  To go a little further - at a glance, it's not clear if they've been fined yet or not, but either way there's soft costs to all of this - being in the news in a negative light, some patients will go elsewhere, their insurance premiums are going to go up as a result of the breaches, etc etc.

Someone 13y ago

http://en.wikipedia.org/wiki/Bitcoin#Theft_and_technical_vulnerabilities http://en.wikipedia.org/wiki/Bitcoin#Theft_and_technical_vul... has quite a few startups going down due to security issues.