A U.S. appeals court has agreed to hear Wyndham Worldwide's appeal regarding what authority the FTC has over corporate data security. The dispute stems from a suit the FTC brought against the hotel chain following three payment card data breaches.
Five out of eight defendants have pleaded guilty to charges tied to a fraud scheme involving the theft of personal information from an AT&T call center for use in unauthorized wire transfers and to obtain payment cards.
Brian Cornell, newly appointed CEO of Target Corp., faces the challenge of ensuring that the protection of customer information is a top priority at the company following last year's massive data breach.
Financial institutions feel the pain of recent retail breaches, and they seek new ways to secure payments and fight fraud. But how can security leaders influence changes within their own organizations?