Lawsuits that card issuers have filed against Target to help recoup expenses associated with the retailer's breach aren't likely to reap big rewards, two legal experts say. But they are sending a strong message.
Despite their differences on certain issues, the Financial Services Roundtable and the Retail Industry Leaders Association have joined forces in an effort to prevent breaches by enhancing cybersecurity and threat intelligence sharing.
Merrill Halpern of the United Nations Federal Credit Union, a pioneer in the use of chip cards, says high-profile retail breaches reinforce the long-term value of EMV for various forms of payment within the U.S.
Organizations in all sectors can improve their compliance with the PCI Data Security Standard by taking five critical steps, says Rodolphe Simonetti of Verizon Enterprise Solutions, which just issued a new PCI compliance report.
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.
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.
Representatives of the American Bankers Association, the National Retail Federation and the PCI Security Standards Council are among those slated to testify at a Feb. 3 Senate hearing on safeguarding consumers' financial data.