Class action lawsuits that banking institutions filed against Target Corp. in the wake of the retailer's massive breach are being consolidated. The suits seek recovery of expenses, such as the cost of re-issuing affected payment cards.
Conventional wisdom dictates that the high demand for IT security practitioner would cause salaries to rise, perhaps significantly. But a new study by SANS shows only a slight fattening of paychecks for many IT security professionals.
Because most online banking customers are active social media users, banking institutions should leverage social media in their fraud awareness campaigns, says David Pollino of Bank of the West, who's a featured speaker at the May 14 Fraud Summit Chicago.
"Security as a business enabler" was the mantra echoing through the recently concluded 2014 Infosecurity Europe conference in London, a message that should have been heeded by top executives at retailer Target last year.
Using technology to devalue card data, and leveraging data analytics, are essential to efforts to crack down on fraud, Visa's Ellen Richey said in her keynote presentation at the San Francisco Fraud Summit.
Scores of banking/security leaders gathered at the SF Fraud Summit to learn from the nation's leading experts on topics such as account takeover, big data analytics, insider risks and payment card fraud.
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
The fact that the U.S. federal government would, under some circumstances, exploit software vulnerabilities to attack cyber-adversaries didn't perturb a number of IT security providers attending the 2014 Infosecurity Europe conference in London.
The Consumer Bankers Association doesn't have an official stance on lawsuits that have been filed by banks against breached retailers, but the association's David Pommerehn says the CBA does support banks' rights to recover losses.
The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
Two weeks after the launch of Heartbleed.com, traffic to the site remains strong and tweets still flow at a brisk pace. Site creator Codenomicon is helping IT practitioners to mitigate the OpenSSL flaw - and attracting customers, too.
Three years ago, trust on the Internet - or the lack thereof - focused, in part, on the faceless hacking groups such as Anonymous and LulzSec. Today, we have a face for this lack of trust, and it looks a lot like Uncle Sam and a Chinese Red Army cybersoldier.