Two critical steps that banking institutions need to take in 2014 to help prevent fraud are implementing big data analytics and adopting far more sophisticated customer and employee authentication, says Gartner analyst Avivah Litan.
In this week's breach roundup, read about the latest incidents, including a credit card breach affecting customers of a Canadian online health and beauty products store and a breach at a British grocery store chain's website.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.
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.
A law firm has developed a free iPhone app, Data Breach 411, to help organizations with breach notification compliance. The app provides links to 46 state data breach notification laws, relevant federal statutes and other resources.
A new guide from WEDI offers some basic tips for organizations assessing incidents under the HIPAA Omnibus breach notification rule. But it's important to address additional factors for effective beach assessment and response, two experts say.
Forbes and Kickstarter have fallen victim to apparently unrelated cyber-attacks that have compromised user accounts. The companies are urging users to reset their passwords and monitor for any suspicious activity.
Healthcare organizations can take several key steps to help avoid the scrutiny of their state's attorney general and defend against possible class action lawsuits in the aftermath of data breaches, says privacy attorney David Navetta.