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"The Japan Times" featured Seidenberg Professor Darren Hayes in "'Amateur' Capital One hack stuns financial security community"

08/01/2019

"The Japan Times" featured Seidenberg Professor Darren Hayes in "'Amateur' Capital One hack stuns financial security community"

...Darren Hayes, a Pace University computer science professor specializing in cybersecurity, said the ability to quickly arrest and prosecute an attacker in this kind of case is unusual.

“Most of these cases are perpetrated by hackers in other countries,” he said.

Hayes said the incident highlights the risk of “insider” attacks when trusted employees turn to theft.

“It is challenging to catch good people gone bad, so a lot of banks look for that now” with artificial intelligence tools to detect anomalies in employee behavior, Hayes said.

Capital One said the incident affected some 100 million U.S. customers and 6 million in Canada, with as many as 140,000 U.S. and 1 million Canadian social security numbers compromised.

Only some of the data was encrypted, but Capital One said it had no indication any of the data was transferred or sold where it could be damaging for customers.

Still, Hayes said he sees a risk of data loss that could end up compromising bank customers.

“My sense is that we are going to see a lot of class-action lawsuits and the company could be liable for a lot of damages,” he said.

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"The Japan Times" featured Pace Haub Law School professor Bennett Gershman in "Trump's intervention comment may have provided legal gift to Huawei"

12/13/2018

"The Japan Times" featured Pace Haub Law School professor Bennett Gershman in "Trump's intervention comment may have provided legal gift to Huawei"

...The company, which builds everything from networks to handsets, is China’s largest technology company by employees, with more than 180,000 staff and revenue of $93 billion in 2017.

Bennett Gershman, a professor at Pace Law School in New York, said it was hard to see how national security or foreign policy could justify a possible intervention by Trump in the Huawei case.

“It seems like Trump is using this case as a bargaining chip in our trade deals and for financial gains,” Gershman said.

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