Two stories stand out when I look back on the month of May: the POS PIN pad swap scheme that hit Michaels crafts stores in more than 20 states and the insider job at Bank of America that led to $10 million being stolen from some 300 customer accounts.
An inside breach at BofA that led to more than 300 compromised accounts signifies growing concerns about internal threats. But experts say organizations can implement strategies to detect - and in some cases even predict - internal fraud.
With so much critical information being exchanged today via e-mail, now is the time to deploy next-generation e-mail encryption solutions, says Bob Janacek, CTO and founder of DataMotion.
The recent data breaches at Epsilon and Sony should send a chilling message to privacy officers everywhere. "You can't prepare enough," says Kirk Herath, chief privacy officer of Nationwide Insurance Companies.
Kirk Herath, Chief Privacy Officer at Nationwide Insurance Companies, has been in privacy management for more than a decade, and he has two main concerns about today's enterprise: Mobile technology and cloud computing.
A Chicago consumer's federal lawsuit against Michaels raises questions about card-fraud liability, highlighting the blurring line between merchants and card issuers in the wake of a payments breach.
Chris Painter knows that the United States must determine what are the standard behavioral practices on the Internet before achieving substantial international agreements on cybersecurity.
High-profile legal wrangles over ACH- and wire-related fraud remain at a standstill, despite the industry's ongoing discussions about corporate account takeover and how to fight it.
Ian Glover, president of the UK's Council of Registered Ethical Security Testers, has a message for individuals who want to enter the security testing profession today: No hackers allowed, thank you.
"Unfortunately, like many organizations, we were targeted by criminal hackers who penetrated our system with a new strain of a virus," Massachusetts Labor and Workforce Development Secretary Joanne Goldstein says.
The Obama administration's plan for a federal data breach notification policy is too vague to be effective, and it lacks teeth to penalize violators, according to experts who raise open questions about the proposal.
Kazuo Hirai, a top Sony executives, says the company is applying advanced security technology, increasing levels of encryption, adding firewalls and implementing early warning systems to detect attacks on network.
The National Institute of Standards and Technology has issued a draft of its most complete guide on cloud computing, and is seeking public suggestions on how to improve the document.
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