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.
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.'s revelation that personal information about up to 70 million customers was breached in a recent malware attack raises new questions about Target's security practices and risks to consumers.
Big data is a hot item on every banking institution's security agenda, says Gartner analyst Avivah Litan. Here she explains why mid-sized institutions are in the best position to implement new technology.
Breach detection provider FireEye has acquired incident response and remediation services company Mandiant , forming a formidable company that can provide soup-to-nuts products and services to detect, mitigate and respond to breaches.
Big-box retailer Target has confirmed that a breach that likely exposed some 40 million U.S. debit and credit accounts was caused by a malware attack that infected its point-of-sale system. Find out all the latest details.
On Christmas Eve, Target issued a warning about phishing scams linked to its breach recovery efforts. In response, the retailer says it is launching a dedicated resource page on its website for official communications.
Was it a point-of-sale attack? A network breach? Or was it an inside job? Fraud experts disagree over the cause of the Target data breach, but they are united in how banking institutions should respond.