Encryption gaps in retail payment card transactions were highlighted at a Congressional hearing that examined security failures in the aftermath of malware attacks against point-of-sale systems at Target and Neiman Marcus.
When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
RSA 2014 will offer many insights on how banking institutions can address a wide variety of security threats. Here's a guide to educational opportunities.
Data loss prevention is more important now than ever before. Targeted attacks increased by 42 percent in 2012, with an average of 8,350 identities lost per breach. Watch this 5-minute video from Symantec to understand how a DLP solution may impact your organization.
As Congressional leaders look for answers about why U.S. card security is failing, there hasn't been enough discussion surround why EMV can't easily fix our system. And the card brands have been conspicuously absent from the debate.
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.
A review of the RSA 2014 agenda shows several seminars, panels and speakers of particular interest to healthcare-focused attendees, including those focused on mobile device security and medical device hacks.
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.
The PCI Security Standards Council has no plans to modify its standards for payment card data security in response to high-profile payment card breaches at Target and Neiman Marcus, says Bob Russo, the council's general manager.
Hospitality company White Lodging is looking into a possible data breach that may have impacted thousands of credit and debit cards used at a number of its hotels across the U.S. in 2013.
Anecdotal evidence usually supports the data the Labor Department culls on IT security employment. Usually isn't always, and the 2013 stats reported by the Bureau of Labor Statistics are at odds with what is likely true.
Security vendor RSA has uncovered a point-of-sale malware operation in the Ukraine that has stolen payment card and personal data from 45 small and midsize retailers.
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.
In one of the first public statements by a major payment card company in the wake of the Target and Neiman Marcus breaches, a MasterCard executive says it is now time for the U.S. to migrate to EMV.
The Justice Department is investigating the massive breach at Target Corp. that affected tens of millions of customers, U.S. Attorney General Eric Holder confirms.
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