Class action lawsuits that banking institutions filed against Target Corp. in the wake of the retailer's massive breach are being consolidated. The suits seek recovery of expenses, such as the cost of re-issuing affected payment cards.
In this week's breach roundup, read about the latest incidents, including an update from Bitly regarding the security measures it has taken following a data breach, including implementing two-factor authentication.
Organizations looking to build a better breach response strategy need to emphasize the basics, including ensuring they have a well-qualified response team in place, security experts, including attorney Ron Raether, advise.
In the wake of large-scale breaches against retailers, including Target, the Retail Industry Leaders Association has launched an information sharing center in an effort to strengthen defenses against cyber-attacks.
The UK Information Commissioner's Office says that neglecting to keep software security up to date and failing to encrypt online communications are among the top cybersecurity vulnerabilities at government and private-sector organizations.
To address new features and new threats, the National Institute of Standards and Technology has revised its guidance for transport layer protocol. Learn about the recommendations for protecting data during transmission.
URL shortening service Bitly is reporting a data breach that has compromised account credentials, including encrypted passwords, API keys and OAuth tokens. Find out the mitigation steps the company recommends.
Snapchat has agreed to an FTC settlement over security and privacy misrepresentations. The settlement follows an investigation of a breach that compromised the usernames and phone numbers of as many as 4.6 million users.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
Card breaches at retailers such as Target and Neiman Marcus will likely be catalysts for improved cyberthreat intelligence and information sharing across the banking and retail sectors, says Mike Braatz of ACI.
Police have withdrawn their allegation that a man arrested for fraud in Georgetown, Texas, also may have been involved in the Target Corp. data breach last December that impacted millions of customers.
"Security as a business enabler" was the mantra echoing through the recently concluded 2014 Infosecurity Europe conference in London, a message that should have been heeded by top executives at retailer Target last year.