Fiber Optic Telecommunications Networks: Phishing Expedition? Cyber Heists Expose Flawed Password System

James F. Booth

For more than 25 years, James Booth has provided consulting and legal services to telecommunications carriers and to enterprise companies that manage their own telecommunications networks. Since June of 2009 he has also served as General Counsel of Spread Networks, LLC, which is the industry leader in the construction and operation of low latency high speed networks. Before joining Spread he was General Counsel for OnFiber Communications, a competitive telecommunications provider, and was the sole attorney for Qwest Communications International in support of its construction of an 18,800 mile fiber optic network spanning the United States. Earlier he was lead counsel for U S WEST in its wireless and cable television ventures in the United States, Europe and Hong Kong.

Wednesday, May 22, 2013

Phishing Expedition? Cyber Heists Expose Flawed Password System

With high-profile cyber attacks on the rise, a spotlight shining on passwords has revealed a faulty system rampant with potential loopholes and a traditional password-username mechanism that has fallen painfully behind the times. As more and more of people’s lives move online, it has never been more imperative to adopt complex passwords and diversify them across all accounts. Yet, 74% of Internet users still use the same password across multiple websites, according to data from McAfee. http://www.foxbusiness.com/technology/2013/05/22/phising-expedition-cyber-heists-expose-flawed-password-system/