"It should provide fuel for anyone calling for data breach legislation to include criminal sanctions ...," says Neal O'Farrell of the Identity Theft Council. "This was nothing short of a clumsy cover-up."
Some 200 people have reported fraudulent debit and credit transactions hitting their accounts after dining at Margarita's Mexican Restaurant in Texas. Investigators believe a third-party vendor may have been hacked.
As TJX, Hannaford and Heartland have taught us, incident response isn't just about reacting to your own institution's security breaches - it's about what happens when your card processors, merchants and vendors are compromised.
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How to immediately respond to a payment...
For financial institutions, data security is both an operational and regulatory imperative. A bank or financial services provider that fails to protect a customer's financial data faces the threat of losing customers, tarnishing their reputation and eventually losing competitive advantage.
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Join in this tactical discussion of how financial institutions are using new technologies to successfully prevent, identify and respond to security threats, no matter where they originate.
Learn how to identify, prevent and rapidly respond to user threats and data breaches
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