Despite commitments by leading payment card brands to enhance security, some critics say the White House cybersecurity summit produced no specifics for how the public and private sectors will curb cyber-fraud.
The Anunak/Carbanak gang continues to rob financial services firms and retailers, in part with ATM malware. A new report says the cybercrime gang has stolen up to $1 billion from banks in Russia, the U.S. and beyond.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
Nine days after revealing that hackers gained access to personal data on millions of its customers, health insurer Anthem on Feb. 13 began offering victims two years of free credit monitoring and ID theft insurance, plus "identity repair assistance."
In a Feb. 13 keynote speech at a cybersecurity summit, President Obama described the cyberworld as the "wild, wild West" and the American government as the sheriff. Then he signed an executive order aimed at boosting cyberthreat information sharing.
Congressional investigators for the first time are designating protecting the privacy of personally identifiable information as a high risk area within the federal government and calling on Congress to enact new legislation to enhance PII safeguards.
Enterprise IT administrators are being urged to immediately patch a flaw that affects every Windows system released for the past 15 years. Attackers could remotely exploit the flaw to take control of a device and run any code of their choice.
Ten state attorneys general have criticized Anthem Inc. for being too slow to communicate with those affected by its massive data breach. But the health insurer says it will post details Feb. 13 on how victims can enroll for certain free services.
The FTC has ordered medical billing company PaymentsMD to change its practices for the collection and disclosure of consumers' personal health information. What similarities does this case have with concerns over HealthCare.gov's privacy practices?
The Obama administration has announced creation of a federal agency to analyze information culled from other agencies to battle cyberthreats to the government and the private sector. But the action is already drawing criticism.
In the wake of the cyber-attack against Anthem Inc., New York's Department of Financial Services has announced plans to conduct cybersecurity assessments of insurers doing business in the state. Experts say other states may follow New York's lead.
It's barely a drop in the bucket, but President Obama is earmarking $7 million of his nearly $4 trillion federal budget to help NIST provide stronger cryptographic solutions and privacy-enhancing tools.
Anthem believes that the breach that has exposed up to 80 million individuals' information possibly began after a handful of employees fell victim to a phishing attack. Other attackers appear to be using the breach as a lure for their own phishing campaigns.