Target Corp. has reached a proposed $39.4 million settlement with a group of financial institutions that sued the retailer over fraud losses and expenses suffered as a result of Target's December 2013 data breach.
In the second largest financial penalty ever issued as part of a HIPAA resolution agreement, federal regulators have smacked Puerto Rico-based health insurer Triple-S Management with a $3.5 million fine as a result of multiple breaches. It's the company's second large fine from a government agency.
The security of Internet-connected toys is in the limelight after toymaker VTech acknowledged suffering a data breach that affects 5 million accounts and personal information and photographs relating to more than 200,000 children.
A security incident involving keystroke logging malware that apparently started at a Kentucky hospital three years ago - but was only recently discovered after a tip from the FBI - offers a reminder of the urgency of keeping anti-malware protection and mitigation efforts current.
While cyberattacks will continue to menace healthcare and other business sectors next year, organizations can't afford to overlook addressing risks tied to insiders, who are responsible for most data breaches, says Michael Bruemmer of Experian Data Breach Resolution.
Legislation pending before both houses of Congress, if enacted, would change a nearly 30-year-old law to require the government to obtain a warrant to access the content of emails that are 180 days old or older. Why do some agencies oppose the proposal?
Ireland's Cyber Crime Conference in Dublin drew a capacity crowd for a full day of security briefings, networking, hotly contested capture-the-flag and secure-coding challenges, as well as a chance to sharpen one's lock-picking skills.
TalkTalk's confusion in the wake of its recent data breach, as well as mangling of technical details and failure to encrypt customer data, demonstrate the importance of having an incident-response plan ready in advance of any breach, experts say.
The FBI is pursuing a suspected Russian hacker who reportedly amassed a trove of 1.2 billion stolen online credentials, plus payment card data and Social Security numbers, and who's offered access to hacked Facebook and Twitter accounts.
Federal regulators have announced an $850,000 HIPAA settlement with Lahey Hospital and Medical Center stemming from an investigation into the theft of a laptop that was used to operate a medical device.
The surge in data breaches has left millions of consumer records compromised. As a result, fraudsters have all they need to open bogus accounts, which cost banks huge losses linked to what Greg Shelton of LexisNexis Risk Solutions calls "sleeper fraud."
Insurance fraud schemes are growing in scale and sophistication. But at the same time, insurance companies - and their customers - are losing their appetite to accept fraud losses. IBM's Brian Banigan offers insight on the latest counter-fraud solutions.
LabMD's recent victory in its long legal battle with the Federal Trade Commission will be short-lived, the medical testing lab's CEO predicts. Find out why, and what changes Michael Daugherty hopes the case will bring to FTC's enforcement practices.
Starwood Hotels and Resorts has confirmed a point-of-sale breach, but card issuers say they don't believe the Starwood breach is isolated, and that fraud patterns indicate that another, perhaps larger breach, is impacting cards across the country.
Despite near-constant warnings from law enforcement officials and the information security community, too many organizations still aren't taking security seriously, experts warned at the Irish Cyber Crime Conference in Dublin.