In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.
Lawsuits that card issuers have filed against Target to help recoup expenses associated with the retailer's breach aren't likely to reap big rewards, two legal experts say. But they are sending a strong message.
Many security incidents that affect the nation's critical infrastructure go unnoticed due to a lack of sufficient detection or logging capabilities, according to a new report, which calls for enhanced monitoring and reporting of incidents.
A law firm has developed a free iPhone app, Data Breach 411, to help organizations with breach notification compliance. The app provides links to 46 state data breach notification laws, relevant federal statutes and other resources.
You'd think that preventing damage caused by cyber-attacks would be incentive enough to get organizations to adopt cybersecurity best practices. But the government is working with industry to develop incentives to encourage adoption.
Despite their differences on certain issues, the Financial Services Roundtable and the Retail Industry Leaders Association have joined forces in an effort to prevent breaches by enhancing cybersecurity and threat intelligence sharing.
Merrill Halpern of the United Nations Federal Credit Union, a pioneer in the use of chip cards, says high-profile retail breaches reinforce the long-term value of EMV for various forms of payment within the U.S.
Now that the cybersecurity framework has been released, security experts are pondering whether the voluntary approach to following the guidance might eventually need to be replaced by some sort of mandate.
While many organizations rely on employee training to help mitigate the risks of spear phishing, such efforts are generally ineffective, says Eric Johnson of Vanderbilt University, who explains why a technical solution might be better.
Website security firm CloudFlare is warning organizations worldwide to be on the lookout for an increase in larger DDoS attacks. But these NTP attacks are far less sophisticated than the earlier DDoS attacks that targeted U.S. banks.