MBIA, Inc. is a financial services company and USAs largest bond insurer.
It was founded in 1973 as the Municipal Bond Insurance Association.
It is headquartered in Armonk, New York, and has approximately 400 employees.
They are also not sure as to how long the server breach existed.
The company stated that it had learned of the problem from an outside computer expert Monday.
So far, the spokesman said, there was no evidence of suspicious or improper transactions in customer accounts.
Turn and Twist
The outside computer expert happens to be Brian Krebs of KrebsOnSecurity.
Brian stated that when notified about the breach, MBIA Inc. quickly disabled the vulnerable site mbiaweb.com.
mbiaweb contain customer information of its sister concern Cutwater Asset Management.
Seely said the data was exposed thanks to a poorly configured Oracle Reports database server.
What happens to those states when the money disappears?
source: www.techworm.net
