Several payment system experts testifying at a Senate hearing on Feb. 3 urged the adoption of chip card technology in the wake of breaches at Target Corp. and Neiman Marcus. But representatives of banking and retailing engaged in some finger-pointing.
A class action lawsuit has been filed against Horizon Blue Cross Blue Shield of New Jersey in the wake of a recent data breach that affected nearly 840,000 members. One legal expert predicts breach-related litigation could soar in 2014.
The breach at Target stores that may have affected as many as 40 million credit and debit card account holders is a watershed moment that could greatly raise awareness of cybersecurity risks, says privacy attorney David Navetta.
The breach at Target Corp. that compromised as many as 40 million payment card accounts, along with the personal information of about 70 million customers, was the result of hackers stealing electronic credentials from a vendor, the retailer reports.
The next director of the National Security Agency is a trained cryptographer who'll need to use his years of experience as a top Navy leader to implement reforms at the agency rocked by the leaks of former contractor Edward Snowden.
The virtual silence on cybersecurity in President Obama's State of the Union address shouldn't be construed as a lack of commitment by the administration on information security, a White House spokeswoman says.
The hacktivist group European Cyber Army on Jan. 28 said it waged DDoS attacks against Bank of America and JPMorgan Chase. DDoS-tracking sources say the botnet involved is the same one used for 2012-2013 attacks against U.S. banks.
While details surrounding a suspected breach at Michaels remain unclear, two U.S. card issuers say they believe the retailer was targeted by point-of-sale malware similar to what compromised Target and Neiman Marcus.