A U.S. District Court in Texas granted motions made by acquiring banks Heartland Bank and KeyBank to dismiss civil actions brought against them for their involvement in the 2009 Heartland Payments Systems data breach.
When it comes to e-marketing and the reliance on third parties such as Epsilon, Nicolas Christin of Carnegie Mellon University says banks and merchants should "come clean" about the information they share with outside entities.
Communicating with customers about the incident and warning them not to click links in phishing e-mails are all these impacted institutions and companies really can do, says Jeremiah Grossman, chief technology officer of WhiteHat Security.
Privacy Attorney Lisa Sotto says the Epsilon e-mail breach is a warning about the state of data security employed by some third-party service providers. Strong contracts related to security practices must be the norm, not the exception.
"It is the biggest breach we have ever seen; and to say no financial information has been stolen is, well, understating the massive breach and concern," says Neil Schwartzman, founder and chief security specialist at CASL Consulting.
From Facebook to Twitter, the new era of business communication and collaboration requires involvement of senior leaders to guide an organization's social media strategy and engagement. It's a big role, and it comes with significant responsibilities.
A well-engineered, low-tech cash advance scheme against banks in several states proves financial institutions have let their guards down when it comes to old-fashioned face-to-face fraud, according to a new alert.
Secret Service Agent Todd Bagby says cash-advance schemes are easy to fight, if banks follow best practices and in-house guidelines. "Banks should just follow their own protocol and use their own contacts to identify the person on the other end of the line."
The Department of Homeland Security works with RSA to investigate the sophisticated attack aimed at RSA SecurID two-factor authentication products, and card fraud linked to pay-at-the-pump gas terminals in Arizona tourist spots is on the rise.
NACHA has posted an alert about a targeted phishing scam that appears to be hitting recipients up for ACH transaction details. Reports of phishing e-mails appearing to be from the Internal Revenue Service have also cropped up this week.
After the revelation of Operation Aurora, the term began to take on a different meaning. "In essence," IBM's X-Force report says, "APT became associated with any targeted, sophisticated or complex attack regardless of the attacker, motive, origin or method of operation."