Financial services giant Morgan Stanley will pay a $35 million fine to settle U.S. Securities and Exchange Commission charges that it failed to comply with rules requiring it to safeguard customer data as well as ensure it is disposed of properly.
The European Commission has released two new tools aimed at easing the current legal hurdles associated with data sharing by European Union-based organizations and other businesses operating in the region. Tech giants embroiled in controversy over the EU's data -sharing polices welcomed the move.
Although some global payment organizations apparently have failed to meet the Bank of India's October 15 deadline for storing all Indians' payment data domestically, the nation's central bank reportedly has ruled out extending the deadline and is demanding a status report.
While some payment companies are strongly protesting the Reserve Bank of India's mandate that they store all data locally by October 15, portraying compliance as costly and impractical, others support the move as a way to ensure data is protected.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
If your company transfers, transmits or processes credit card data you fall under the Payment Card Industry Data Security Standard (PCI DSS). However although the PCI DSS was developed to protect credit card data, it is fast becoming a security standard for all sensitive company data such as patient records,...
As the compliance date set for June 30, 2007 has passed, thousands of companies have yet to show that they are in compliance with the Payment Card Industry Data Security Standards (PCI-DSS). The Payment Card Industry set that date for all organizations that store, process or transmit credit card payments were to be...
The revelation by TJX Companies, owner of T.J. Maxx and other retail brands, that at least 45.7 million credit and debit cards were compromised over several years highlights anew the risks associated with processing card transactions and the need to protect the information they contain.