27 March 2015

RSA SecurID hack costs EMC $66m; scammers target victims with malware plot

29 July 2011  |  10137 views  |  0 cash

The security breach at RSA earlier this year that compromised its SecurID two-factor authentication system has so far cost parent company EMC $66 million, according to the Washington Post.

In an earnings call this week discussing the company's second quarter results, EVP David Goluden, confirmed: "We incurred an accrued cost associated with investigating the attack, hardening our systems and working with customers to implement our remediation programs."

In total around $66 million has been spent as a result of the incident, including on transaction monitoring for worried corporate customers and replacements for firms that requested them, says the Post.

The company also revealed that it began alerting customers within hours of the attack and that it believes the target was defence and government agency information, not financial data.

Meanwhile, the fallout from the breach continues, with e-mail security specialist appriver claiming that a malware campaign has been launched targeting the owners of the 40 million SecurID Token user accounts compromised.

Appriver says messages are being sent out purportedly from RSA, warning that an "unsafe vulnerability" has been found in some token devices. Victims are asked to click on a link to what is supposedly a security scanner but is actually the infamous Zeus malware.

Another authentication outfit, SecurEnvoy has been quick to pick up on the scam and use it to attack its rival, with CTO Andrew Kemshall, claiming: "The success of this Zishing attack vector is the direct result of RSA inadequate and belated response to news of a break-in to its servers. Had the firm launched a better response as soon as the incident took place, then this infection campaign would not have any effect on users at all. It might also not have happened at all."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

07 June, 2011
27 April, 2011
04 April, 2011
24 March, 2011
18 March, 2011
01 October, 2010
27 September, 2010
10 August, 2010

Related company news


Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
8740 views comments | 50 tweets | 28 linkedin
Six undertakes hackathon talent challenge...
4420 views comments | 9 tweets | 5 linkedin
Google preps Gmail bill payment feature
3990 views comments | 11 tweets | 12 linkedin
Credit Suisse paper offers qualified bitco...
3853 views comments | 4 tweets | 9 linkedin
Barclays and PayPal join Government ID acc...
3514 views comments | 10 tweets | 9 linkedin

Featured job

Basic £85-110K dependent on experience OTE circa £...

Find your next job