Data breaches tied to credit and debit cards accounted for more than 25% of all breaches in 2011. What must banking institutions and merchants do to help reverse this trend?
Data breaches are under-reported, and breached organizations aren't giving consumers the information they need about these compromises, says Karen Barney of the Identity Theft Resource Center.
Francoise Gilbert of the IT Law Group won't give Zappos an "A" for how the online retailer reacted to its recent data breach. So, what can organizations learn from the incident, so they're better prepared?
Verisign, operator of two of the 13 root name servers that route traffic on the Internet, has revealed that outsiders attacked its computer network several times in 2010, but top management did not learn of the incidents until September 2011.
The hacking group Anonymous Brazil has targeted the websites of several of Brazil's top financial institutions, including Banco Bradesco and Banco do Brasil, with distributed denial-of-service attacks, leaving the sites in the dark, the Associated Press reports.
Organizations that have experienced a breach report that three lessons they learned were to limit the amount of personal information collected, limit sharing data with third parties and limit the amount of data stored, a new survey shows.
Nine state attorneys general are demanding that Internet retailer Zappos provide details on the company's recent data breach that affected 24 million individuals.
Zappos.com and its parent company Amazon.com face a class action lawsuit stemming from a recent data breach that affected more than 24 million customers.
A breach is a disaster, says business continuity specialist Ken Schroeder. So organizing an effective breach-response team does not require a reinvention of the wheel. What it does require is a holistic approach.
Global organizations easily can be confused by the myriad privacy laws in different regions of the world. But U.S. privacy attorney Miriam Wugmeister has advice to help navigate these tricky waters.
Wells Fargo & Co. may have committed an inadvertent data breach when it responded to subpoenas requesting financial information about some of its customers. What happened, and who is impacted?
Save Mart, the Modesto, Calif.-based grocery chain, now confirms that skimming devices are to blame for the data breach believed to have exposed hundreds of consumer accounts to debit and credit card fraud.
Edward DeMarco Jr. of the Risk Management Association understands the regulatory challenges financial institutions will face in 2012. But to overcome those hurdles, improved communication is needed across the enterprise.
The key message from the recent court ruling on the Hannaford data breach: You don't have to suffer fraud to be a victim. Attorney Ronald Raether explains what this decision means for future breaches.
As legal issues surrounding data breaches become increasingly complex, more organizations are turning to attorneys for post-breach response, says Lisa Sotto, a managing partner for New York-based law firm Hunton & Williams.
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