When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
As Congressional leaders look for answers about why U.S. card security is failing, there hasn't been enough discussion surround why EMV can't easily fix our system. And the card brands have been conspicuously absent from the debate.
A review of the RSA 2014 agenda shows several seminars, panels and speakers of particular interest to healthcare-focused attendees, including those focused on mobile device security and medical device hacks.
Several payment system experts testifying at a Senate hearing on Feb. 3 urged the adoption of chip card technology in the wake of breaches at Target Corp. and Neiman Marcus. But representatives of banking and retailing engaged in some finger-pointing.
They're thought-leaders. Movers and shakers. VIPs and MVPs within their industry sectors. And their actions weigh heavily on how information security is practiced, taught and tested. These are 2014's Influencers.
Retail data breaches are growing. ISight Partners' Tiffany Jones, a researcher who helped the Department of Homeland Security prepare its report about malware attacks, offers new insight into the latest cyber-attacks.
While details surrounding a suspected breach at Michaels remain unclear, two U.S. card issuers say they believe the retailer was targeted by point-of-sale malware similar to what compromised Target and Neiman Marcus.