Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.
In the wake of its data breach last year, Target Corp. is overhauling its information security and compliance practices, launching a search for a new CIO and creating the position of chief information security officer.
Social networking site Meetup has been facing ongoing DDoS attacks. It received a notification the attacks would continue unless it paid a fee, which highlights the rising concern of extortion tied to DDoS.
Phyllis Schneck, the Department of Homeland Security's deputy undersecretary for cybersecurity, equates the department's continuous diagnostics and mitigation initiative with a medical probe detecting an infection in the human body.
In the wake of high-profile breaches and data leaks, the government will pay a lot more attention to information security. Are security pros ready for this scrutiny? Professor Eugene Spafford has his doubts.