A dearth of actuarial data stymies the growth of the cyber insurance market, experts told Congress at a March 22 hearing. A repository of such data would provide more information to support creation of policies and help enterprises gain a better understanding of the risks they face, they testified.
The PCI Security Standards Council envisions a single, globally-unified data security standard. Now that the European Card Payment Association is a strategic regional member, that goal is significantly closer, says Jeremy King, the council's international director.
The Department of Justice has been granted a delay of a March 22 hearing relating to a court order compelling Apple to help the FBI unlock the iPhone 5C issued to San Bernardino shooter Syed Rizwan Farook. That's because it says it may have found a way to unlock the phone without Apple's assistance.
A watchdog agency's audit of the Department of Veterans Affairs makes nearly three dozen recommendations for how the VA should address "material weakness" in its information security program. The VA's CIO tells Congress all the issues raised will be addressed by the end of next year.
In revised guidance, the National Institute of Standards and Technology cautions enterprises to assume that "external environments contain hostile threats" as they establish programs to allow employees and contractors to remotely access critical systems.
Attackers have targeted an unknown number of Russia's 700 banks with bogus security-alert emails. The combination of official-looking infrastructure and digitally signed malware recalls the Anthem attack, among other campaigns.
Although most breach-related class action lawsuits fail, a multimillion dollar settlement of a suit stemming from a data breach at St. Joseph Health System in California illustrates how egregious breaches can have serious financial consequences.
Apple has unloaded another blistering legal response to the Justice Department over the court order obtained by the FBI that requires the company to help unlock an iPhone used by one of the San Bernardino shooters.
In a lawsuit, two small merchants say they, and many other retailers, are unfairly being forced to pay fraud-related expenses as a result of the EMV liability shift even though they converted to EMV technology by the card brands' deadline. Fraud prevention experts analyze the implications of the case.
Without saying the word "backdoor," President Barack Obama used an appearance at the South by Southwest conference to argue that law enforcement agencies need weak crypto and likened strong crypto to "walking around with a Swiss bank account in [your] pocket."
Credit card and other personal information was exposed in a data breach of Internet hosting provider Staminus Communications, which specializes in protection against distributed denial-of-service attacks. The company hosts the website of the Ku Klux Klan white supremacist group, which was also brought down.
The FBI calls ransomware "a prevalent, increasing threat." One recent campaign earned at least $325 million in global profits, while U.S. victims tell the FBI they paid $24 million in ransoms in 2015. And attackers are plowing profits back into improving their malicious code.