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.
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.
Encryption gaps in retail payment card transactions were highlighted at a Congressional hearing that examined security failures in the aftermath of malware attacks against point-of-sale systems at Target and Neiman Marcus.
At a Feb. 4 Senate hearing, a senior executive from Target Corp. endorsed a shift to chip cards, combined with PINs, to enhance security, while a Neiman Marcus executive questioned if that was a prudent move.
The PCI Security Standards Council has no plans to modify its standards for payment card data security in response to high-profile payment card breaches at Target and Neiman Marcus, says Bob Russo, the council's general manager.
In one of the first public statements by a major payment card company in the wake of the Target and Neiman Marcus breaches, a MasterCard executive says it is now time for the U.S. to migrate to EMV.
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.
Arts and crafts retailer Michaels is looking into a possible data breach that may have led to fraudulent activity on U.S. payment cards. But experts disagree about whether there's a connection to the Target and Neiman Marcus attacks.
Sports equipment company Easton-Bell Sports says malware compromised its vendor servers in December, exposing personal information and credit card data for about 6,000 online customers.
In the wake of the Target and Neiman Marcus data breaches, Steve Kenneally of the American Bankers Association calls for greater security and accountability throughout the U.S. payments system.
First Target, then Neiman Marcus; who's next? And while banking institutions await the next attack, how should they respond to customers' anxious questions about this latest round of high-profile retail data breaches?
Three Democratic senators are calling for a hearing to examine whether stronger cybersecurity standards are needed to protect consumer data following a massive breach at Target that affected as many as 40 million debit and credit cards.
Was it a point-of-sale attack? A network breach? Or was it an inside job? Fraud experts disagree over the cause of the Target data breach, but they are united in how banking institutions should respond.
In this week's breach roundup, read about the latest incidents, including a malware attack that potentially affected 59,000 clients of the L.A. Gay & Lesbian Center, which offers healthcare and other services.
In the wake of a surge of lawsuits, bipartisan Congressional support is building for a measure designed to help protect banking institutions from frivolous patent infringement claims, says NAFCU's Brad Thaler.
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