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 latest data breach notification bill comes from the Senate Commerce Committee, whose chairman Jay Rockefeller says the recent string of retailer breaches means companies need to do a better job protecting their customers' information.
In light of recent high-profile retail breaches, The Financial Services Roundtable is asking Congress to pass a national data breach notification law and expand oversight of the retail and telecommunications sectors.
Undeterred, two senators will try again to get their colleagues to enact legislation that they contend would better safeguard sensitive information and notify consumers of a data breach when personally identifiable information is exposed.
UK-based insurance firm Staysure has notified more than 93,000 customers that their personal information, including encrypted payment card details, were compromised following a cyber-attack against its systems in October 2013.
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.
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.
In this week's breach roundup, read about the latest incidents, including the sentencing of a hacker who modified his medical college entrance exam grades and a breach affecting Colorado state employees.