One way to ensure greater protection for consumers and their personal information following massive data breaches is to give the U.S. Federal Trade Commission the ability to impose greater civil penalties against consumer reporting agencies, such as Equifax, a new government report concludes.
Over the past year, fines levied by various regulatory agencies against breached entities have helped to shape and clarify what cybersecurity attorney Joseph Burton calls the cybersecurity standard of care - a standard for reasonable security that courts will turn to when determining liability and fault in the wake of...
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
The Petya ransomware gang says it released 3,500 crypto keys that it stole - along with source code - from rival Chimera ransomware developers. If the keys are legitimate, security firms say they can build decryption tools for Chimera victims.
As Democrats gather in Philadelphia to nominate Hillary Clinton for president, it's a good time to examine the former secretary of state's positions on cybersecurity and online privacy. Here's where she stands.
Interbank messaging service SWIFT will begin collecting and sharing anonymized attack information and offering incident-response services - backed by Fox-IT and BAE Systems - to help hacked banks. But will financial institutions buy in?
After the complete collapse of network security at Sony Pictures - in the wake of its data breach - it's important that we highlight some of the organization's fundamental security mistakes. Here's a macro view of the lessons we must all learn.
Expenses linked to the data breach at Target Corp. have already cost the 58 member institutions of the Consumer Bankers Association more than $170 million - a price they should not have to pay, says the association's David Pommerehn.
When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
The FFIEC has issued proposed risk management guidance for the use of social media. Find out about the key recommendations, and why experts say the guidance could prove valuable to banking institutions.
South Carolina's Revenue Department went nearly a year without a chief information security officer before its tax system was hacked this summer. The agency's chief says the state couldn't find a qualified candidate for the job that pays $100,000 a year.
FTC settlement agreements in two cases involving data exposed on peer-to-peer networks offer a reminder of the risks involved in using the networks. Social Security numbers, healthcare information and other personal details were exposed.
The recent Sony and Epsilon breaches sent a strong reminder that companies lack transparency and aren't prepared to respond to a breach once it occurs, says Kirk Herath, Chief Privacy Officer at Nationwide Insurance Companies.