For the first time ever, more companies are suffering from electronic theft than from physical theft, according to the results of a poll released yesterday by risk consultancy Kroll.
The firm's fourth "Annual Global Fraud Report" (PDF) found that the amount of money lost by businesses to all kinds of fraud rose over the past 12 months to $1.7 million per billion dollars of sales from $1.4 million, a gain of more than 20 percent.
And with that overall increase came a notable shift, with electronic theft just edging out physical theft. The theft of … Read more
Updated 5:38 p.m. PDT to clarify relationship between the Skoll Foundation and the Skoll Urgent Threats Fund. Updated at 7:40 p.m. to correct that Google.org is a philanthropic arm.
Dr. Larry Brilliant, who in February stepped down as leader of the search giant's Google.org philanthropic arm to become its chief philanthropy officer, now is leaving Google altogether to run a $100 million project to address several major global challenges.
Brilliant now is president of a new organization called the Skoll Urgent Threats Fund founded "to address urgent threats confronting humanity and the … Read more
Harvard says about 10,000 of last year's applicants may have had their personal information compromised. At least 6,600 Social Security numbers were exposed. Worse, a compressed 125 M-byte file containing the stolen student data is currently available via BitTorrent, a peer-to-peer network.
In a statement published Monday night Harvard officials said the database containing summaries of GSAS applicant data for entry to the Fall 2007 academic year, summaries of GSAS housing applicant data for the 2007-08 and 2006-07 academic years, and administrator information had been compromised. The server had been taken offline for several days last month … Read more