Arizona-based Banner Health, which operates 29 hospitals, says it's notifying 3.7 million individuals that their data was exposed in a "sophisticated cyberattack." An initial attack against payment card processing systems apparently opened the door to the attackers accessing healthcare data.
"Inertia and clumsiness" at the Federal Reserve Bank of New York nearly led to one of the biggest cyber-heists in history - resulting in $81 million being stolen from the central bank of Bangladesh - being even worse, according to a new report.
As the PCI Council turns 10, this year, Indian banks say compliance with the PCI Data Security Standard remains a priority, in spite of the market's push for more cardless payments.
The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
As the PCI Security Standards Council celebrates its 10th anniversary, Troy Leach, the council's chief technology offer, offers his assessment of how its Payment Card Industry Data Security Standard could evolve in the next 10 years.
The nature of sophisticated fraud is changing, argues NPCI's Bharat Panchal. He shares experiences from his sector to support this idea, and he shares insights on how this will affect the security practitioner roles.
A settlement between the Federal Trade Commission and Practice Fusion, an electronic health records system vendor, serves as a reminder that regulations other than HIPAA apply to protecting patient privacy, says attorney Adam Greene, a healthcare regulations expert.
A federal court has ruled that P.F. Chang's cyber insurer does not have to reimburse the restaurant chain for fees it paid to its merchant services provider in the wake of its 2013 card breach. The ruling raises questions about the value cyber insurance provides to retailers.
A House committee is seeking answers from the Federal Reserve Bank of New York about the $81 million theft from the central bank of Bangladesh and its implications for U.S. financial services firms.
Mike Daugherty, the president and CEO of LabMD who is fighting a legal battle with the FTC over two security indents, explains why he believes the agency is overstepping its regulatory authority. And he says that new FTC probes into PCI compliance and EMV deployment could be on the way.
Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
Walmart's lawsuit against Visa, which claims the card brand is unfairly preventing retailers from requiring that customers enter PINs when they conduct EMV debit transactions, poses important questions about fair business practices, says Liz Garner of the Merchant Advisory Group.
Officials in several nations are probing the security of the SWIFT interbank messaging system in the wake of recent hacker attacks. Can the bank-owned cooperative better police members, secure access to its network as well as spot emerging hack attacks and fraud?
Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.
Banks and regulators have begun reviewing SWIFT-related information security practices and requirements following the online heist of $81 million from Bangladesh Bank. Authorities say much of that money is still missing.
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