Six technology companies that sued the government to allow them to disclose secret requests for customer information have made their first revelations under terms of an agreement reached late last month with the government.
At a Feb. 4 Senate hearing, a senior executive from Target Corp. endorsed a shift to chip cards, combined with PINs, to enhance security, while a Neiman Marcus executive questioned if that was a prudent move.
The National Institute of Standards and Technology this spring will unveil updated guidance on role-based cybersecurity training, which will help government agencies as well as private businesses to protect information.
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.