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There has been a recent deluge of eBusiness-related legislation, such as HIPAA, Sarbanes-Oxley, GLBA, and SB1386. These laws mandate that corporations provide effective data protection for confidential or critical electronic information. If not, companies may suffer from potential significant monetary fines or criminal penalties. They are also vulnerable to class-action lawsuits or the loss of consumer trust. Compliance is not optional. Below are a few examples of notable companies who have suffered some very unfortunate privacy breaches. The associated scenarios include viable mitigation solutions from CipherPass which could provide the ideal Safe Harbor protection provided by strong authentication and encryption technologies.
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Wells Fargo
Acxiom Corp
NOV 2003
Wells Fargo Security Breach!

In November 2003, Wells Fargo bank notified thousands of customers that their information may have been compromised after a laptop computer containing account data was stolen.
AUG 2005
The Hacker Exploited a Security Weakness in Acxiom's System to Steal the Files

On August 12, 2005, a Florida man who ran a bulk e-mail company was convicted of stealing more than 1.5 billion emails and data files from Acxiom Corp.
Phishing 2004-2005
Phishing
Phishing typically is initiated by a malicious person or organization sending an email that has a spoofed or fake email address.
APR 9.2007
About 40,000 Chicago Public Schools employees are at risk of identity fraud after two laptops containing their personal information were stolen on Friday.
NOV 2003
Wells Fargo notifies thousands that their information may have been compromised....
NOV 8.2006
ChosenSecurity will offer its customers CipherPass’ C~suite solution, which is interoperable with ChosenSecurity’s TC Enterprise ID Web offering for two-factor authentication.
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C~secure... easy to deploy, easy to manage, easy to use and costs only a fraction as compared to competing products