Investigations and lawsuits are piling up for breached retailers Target Corp. and Neiman Marcus. Meanwhile, card-issuing banks say fraud patterns may reveal additional breaches at other well-known brands.
The House of Representatives approved its second bill within a week that contains provisions for bolstering HealthCare.gov security. Passage came the same day as two more Congressional hearings on HealthCare.gov security.
First Target, then Neiman Marcus; who's next? And while banking institutions await the next attack, how should they respond to customers' anxious questions about this latest round of high-profile retail data breaches?
Target Corp. is providing $5 million to help fund an effort to educate consumers about the risks of cybercrime. Meanwhile, a group of House Democrats had called for a hearing about the retailer's breach, while two senators have demanded details.
The House of Representatives is scheduled to vote Jan. 10 on two Republican bills addressing breach notification requirements and data security for Obamacare's HealthCare.gov website and health insurance exchanges.