Even if a company has no operations in the U.S., it should follow the compliance guidance offered by the U.S. Department of Justice in June, says Benjamin Haley, partner at Covington & Burling LLP, an international law firm.
Douglas Kantor, counsel to the Secure Payments Partnership, a coalition of retail groups and payment networks, argues that U.S. card payments need more open standards to build in better security.
Ireland's Data Protection Commissioner has launched an investigation into whether Facebook's Instagram service improperly displayed the email addresses and phone numbers of minors on its platform. Facebook, Instagram's owner, could face a GDPR fine if it's found to have violated privacy requirements.
Britain's Information Commissioner's Office announced this week a dramatic reduction in its fine against British Airways for violating the EU's General Data Protection Regulation. The company will pay a $26 million fine instead of $238 million in a case tied to a 2018 breach.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
The financial services industry is a high-value target for cyber criminals
and securing data is a significant challenge for the financial services
firms. This is not surprising given the vast amounts of sensitive data -
customer transactions, account information and private personal data
- that banks, payment card...
The California Consumer Privacy Act (CCPA) is intended to provide
Californian citizens with the right to know when their personal data is being collected,
whether their personal data is being disclosed or sold, and to whom.
This paper outlines data security solutions that can help your organization meet data...
This guide is for CISOs who want to understand whether their
companies are impacted by the new regulation, how it impacts them,
and what steps their teams can take to comply with GDPR data
security requirements. You'll learn:
The basic framework, intent, and extent of the GDPR
Which companies are affected
What...
Why did Cisco, one of the world's largest and most successful networking companies, have to pay more than $2.6 billion in damages? A judge found that it infringed on four patents held by network security firm Centripetal Networks.
The latest edition of the ISMG Security Report analyzes why clothing retailer H&M was hit with a hefty fine for violating the EU's General Data Protection Rule. Also featured: The coming of age of digital identities; deputy CSO at Mastercard on top priorities for 2021.
The Reserve Bank of India's "New Umbrella Entity" initiative, designed to support a digital retail payments system similar to National Payments Corp. of India, would be a game-changer to boost digital innovation in the payments industry, according to a panel of experts.
John McAfee, the founder of the cybersecurity firm that bears his name who also is a serial entrepreneur and a former presidential candidate, has been charged with federal income tax evasion. Plus, the SEC is accusing him of promoting initial virtual coin offerings without disclosing he was paid to do so.
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