According to the Small Business Administration, entrepreneurs start 543,000 new businesses each month, but only 18% of them ever succeed. Instead, 46% succumb to incompetence, 30% to lack of managerial experience, 11% to lack of experience in goods or services and 13% to other issues, like neglect, fraud or disaster.

Facebook faces questions on what it knew and when about Cambridge Analytica’s use of social-media data

Mark Zuckerberg prepared to testify before the House Energy and Commerce Committee on April 11 about a data breach affecting millions of Facebook users by U.K. political consulting firm Cambridge Analytica.

The FBI announced 74 arrests across seven countries in a major email fraud bust on Monday.

The alleged email scammers, spread across seven countries, would target midsize businesses, looking to trick employees who had access to company finances.

By Eduard Kovacs on June 04, 2018
inShare

Google has issued a warning to G Suite users after researchers discovered that thousands of organizations expose sensitive information through misconfigured Google Groups instances.

The Google Groups service allows users to create mailing lists, host internal discussions, and process support tickets.

The number of health data breach victims reported to Federal agencies in 2018 has doubled in recent weeks to more than 2 million.

The largest breach of the year so far involved a break-in at a California government office that affected 582,000 individuals.

Retail
Small Business Risk: High (Malware/ Forensics, Brand Reputation/ Loyalty)

Exploit: Malware-based Point of Sale Exploit

Risk to Individuals: Moderate (Replacement of Credit/ Debit Cards with limited liability)

What you need to know: Small business retailers should take the time to educate themselves on POS exploits and how they typically occur.

Mason Law Office Legal
Small Business Risk: High (Compliance Violation & Fines, Brand/ Reputation Damage)

Exploit: Apparent Credential- based, account take-over exploit

Risk to Individuals: High: Sensitive PII and Legal Information loss and/ or deletion

What you need to know: It’s not 100% clear that this was an insider threat-based exploit.

By: Judy Greenwald

South Carolina became the first state to have a cyber security law requiring insurers to establish a “strong and aggressive” program to protect companies and their consumers from a data breach, with Gov. Henry McMaster’s signing of legislation this week, according to the state insurance department.

Here’s what ID Agent sees as interesting from the Zuckerberg show in DC last week!

The ability to harvest data on billions of Facebook users is not big news… You don’t need a Facebook API to scrape and profile most of its 2 billion users. Profiles set to “public” have been harvested for years, and 3rd party data aggregators have built mountainous datasets on each and every one of these profiles.

Recent news stories focus on cyber attacks against large corporations, but about 30 percent of the victims of cybercrime are small businesses according to a report by Symantec