DigiNotar collapse could cost parent nearly $5 million

Authentication solutions provider Vasco expects the bankruptcy of its Dutch-based certificate authority (CA), DigiNotar, to cost it between $3.3 and $4.8 million, according to a statement Tuesday. The estimate does not include losses that may arise through possible lawsuits filed against the company. On Sept. 20, DigiNotar was "declared bankrupt"  by a District Court judge in The Netherlands after it emerged that the CA issued hundreds of counterfeit SSL credentials after hackers breached its systems. At least one phony certificate, for Google.com, appeared in the wild, presumably so Iranian users could be spied on the government. Vasco is based in Oakbrook Terrace, Ill.

More in News

Privacy-bolstering "Apps Act" introduced in House

The bill would provide consumers nationwide with similar protections already enforced by a California law.

Microsoft readies permanent fix for Internet Explorer bug used in energy attacks

Microsoft is prepping a whopper of a security update that will close 33 vulnerabilities, likely including an Internet Explorer (IE) flaw that has been used in targeted website attacks against the U.S. government.

Weakness in Adobe ColdFusion allowed court hackers access to 160K SSNs

Up to 160,000 Social Security numbers and one million driver's license numbers may have been accessed by intruders.