A court has granted final approval of the settlement of a class action lawsuit against University of Hawaii stemming from five data breaches over a three-year period that affected nearly 96,000 individuals.
To expose security flaws in Iran's banking system, one hacker took an extreme step: He stole details on 3 million debit accounts. One fraud expert warns that similar hacktivist attacks are likely worldwide.
Securing the massive amounts of data swamping organizations, a trend known as big data, can be addressed, in part, by organizations simply getting rid of data no longer needed, Grant Thornton's Danny Miller says.
With many questions surrounding the Global Payments breach left unanswered, how should card issuers respond to customers' concerns? ID theft expert Neal O'Farrell offers communications tips.
Phishing - it's the classic scheme that never goes away. In fact, it evolves. Amy Blackshaw of RSA offers insights on how to respond to this and other trends identified in the 2012 Faces of Fraud survey.
What's the best strategy for communications after a data breach, like the one suffered by Global Payments Inc.? Bob Carr, CEO of Heartland Payment Systems, discusses what to say in the weeks following a breach.
Memorial Healthcare System in Hollywood, Fla., is notifying about 9,500 patients that two fired employees may have inappropriately accessed their personal information with the intent to process fraudulent tax returns.
Gartner analyst Avivah Litan questions whether the security vulnerabilities that led to a breach that exposed 1.5 million cards may be linked to long-standing security issues at Global Payments.
This week's breach roundup includes updates on the Utah Department of Health and Global Payments breaches, as well as other incidents you might have missed.
According to our new survey, more than half of banking institutions expect an increase in fraud-fighting resources this year. But how are they investing those resources? The answers may surprise you.
"Regulation drives spending," says George Tubin of GT Advisors. "You're in a situation where the regulators are telling you, 'You have to do something; you have to make improvements.' Therefore, the bank has to spend some money on technology."
One of the biggest mistakes companies make after a major data breach is communicating with the news media, consumers and others before all the facts are clear, says attorney Ronald Raether.
To respond to a security incident, an organization must first be aware of it. But too many intrusions go undetected, says Rob Lee of SANS Institute. That's the first problem that needs to be addressed.
What might the Global Payments breach investigation entail? Dave Ostertag of Verizon's Investigative Response unit describes a forensics investigation - how long it can take and what it might reveal.
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