Sen. Robert Menendez says regulators should have the power to compel banks to toughen IT security and offer timely customer notification of a breach. But if they don't, the Banking Committee member says in an interview, they should come to Congress to get that authority.
The arrest followed an investigation into network intrusions and distributed denial of service attacks against a number of international business and intelligence agencies by what is believed to be the same hacking group.
The video gaming company Sega says it brought down its online Sega Pass gaming because of unauthorized entry of its database, in which hackers obtained some members' e-mail addresses and encrypted passwords.
The California Supreme Court has ruled that a key provision of a tough state medical privacy law is not preempted by federal regulations. The evolving case, which eventually could wind up before the U.S. Supreme Court or grow into a class action case at the state level, is worth watching.
Not all shootings, fires and accidents are of equal import, regardless of the dramatic visuals they may produce. The same can be said about information security breaches.
Citi says only North American cardholders were affected by a recent breach of its online banking platform, though the tally of affected accounts has now jumped from about 200,000 to more than 360,000.
ADP is investigating a data breach that hit one of its corporate clients.
ADP did not name the client but said it is actively working with law enforcement to determine the cause of the incident.
Working with business associates to prevent health information breaches requires far more than writing detailed contract terms on privacy and security, says regulatory expert Christopher Hourihan.
Recent hacks have uncovered security vulnerabilities that should have been addressed years ago. "These attacks are going to escalate," says Josh Corman of The 451 Group. But organizations can implement basic steps to make the hackers' job harder.
An unencrypted laptop computer that's missing from the United Kingdom's National Health Service North Central London health authority contained information on 8.63 million people, according to a report on The Sun newspaper's website.
Senate Sergeant at Arms confirms the attack occurred over the weekend and has ordered a review of all Senate computer sites. Hackers' cryptic message suggests they don't like military's intent to use force to combat cyberattacks.
Who's behind the International Monetary Fund breach? Some observers suggest the attack could have been waged by a government to access confidential information about the financial stability of certain global markets.
CEO Jack Tretton didn't minimize the breach, grouping Sony with others that have been hacked in recent weeks. "If you read the newspapers, you realize that there are companies being bombarded with people trying to hack them all the time."
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