A class action lawsuit filed by two banks against Target in the wake of its 2013 breach has an unusual twist: It seeks damages from Target and Trustwave, allegedly the retailer's qualified security assessor. Experts offer an analysis.
As the California Department of Motor Vehicles continues its investigation into a possible breach of its online payments processing system, financial services industry sources explain why a link to recent retailer breaches is unlikely.
Speculation surrounding the cause of the disappearance of Malaysia Airlines Flight 370 hasn't included the possibility of a cyber-attack. But one cybersecurity expert contends hacking an airliner is feasible.
Umpqua Bank is the latest U.S. banking institution to file a class action lawsuit against Target Corp. But what makes this suit stand out from the crowd of litigants? Two attorneys offer their insights.
Although adoption of mobile banking is accelerating, mobile payments have yet to reach a tipping point and security issues need to be addressed, says Marc Warshawsky of Bank of America, a mobile banking pioneer.
Recent data breaches, such as the ones suffered by Target Corp. and Neiman Marcus, may have been detected sooner if retailers had been sharing transactional pattern and behavioral information about their customers, says Mike Braatz of ACI Worldwide.
A retailer should help pay for card re-issuance and other expenses after a breach if the merchant is shown to have had inadequate security in place, says Viveca Ware of the Independent Community Bankers of America.
Congress heard testimony from cybersecurity experts this week about the steps that should be taken to minimize the risk of breaches of the payments system. Learn what Troy Leach of the PCI Council and others had to say.