EMC Foots $66 Million Bill For RSA Attack

EMC Corporation announced via an earnings call Tuesday that it
spent $66 million during the second quarter on its security firm division RSA to
recover from a cyberattack that compromised their SecurID product in March,
according to a post on the Washington Post’s Post Tech blog.

EMC RSAEMC Corporation announced via an earnings call Tuesday that it
spent $66 million during the second quarter on its security firm division RSA to
recover from a cyberattack that compromised their SecurID product in March,
according to a post on the Washington Post’s Post Tech blog.

The money went towards monitoring the accounts of their
corporate customers and replacing tokens to companies that requested them.

“We incurred an accrued cost associated with investigating
the attack, hardening our systems and working with customers to implement our
remediation programs,” said EMC’s executive vice president David Goluden in the call.

RSA chief Art Coviello announced via the company’s blog in
March
that the two-factor ID technology had been attacked and according to the
call alerted customers within hours of the hack that day.

It’s still speculated that the compromise at RSA
lead to this summer’s attacks on Lockheed Martin, whose hack in June was tied
to the SecurID tokens. RSA warned customers via a federal 8-K filing with the
U.S. Securities and Exchange Commission (SEC) to be on the lookout for targeted
attacks after the SecurID incident.

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