Banks and credit unions are investing in enhanced fraud detection, but are they spending money on the right things? The new Faces of Fraud survey report shows too many are still confused by updated FFIEC demands.
LinkedIn's failure to comply with long standing industry standard encryption protocols jeopardized its users' PII, and diminished the value of the services, the class action federal lawsuit filed in northern California says.
Gartner's Peter Firstbrook, to illustrate the vulnerability of IT systems, cites research that pegs at about 400 days the average time a targeted virus remains undetected on a computer. And, he says, that doesn't speak highly of the current offerings from security vendors.
LinkedIn contends it had on staff world-class security experts when nearly 6.5 million members' hashed passwords were pilfered, although the social media company has neither a chief information officer nor chief information security officer.
Brokers and insurers have upped their marketing efforts to get enterprises to purchase cyber insurance, even though policies could be risky for sellers and buyers. See 10 considerations you should mull before buying cyber insurance.
Federal authorities have charged a Dutch hacker for the role he played in an elaborate scheme that targeted POS systems and networks to steal credit card details that were later sold on websites for fraudulent purposes.
Global Payments Inc., the breached payments processor, now says the scope of its self-discovered data breach may be broader than initially reported and involve personal data collected from merchant customers.