The banking industry is watching closely as the New York State Department of Financial Services proposes a groundbreaking "BitLicense" regulatory framework for virtual currency businesses that's designed to help fight fraud.
A federal judge has denied Target's motion to halt the discovery process in the class action lawsuits filed against the retailer in the wake of its December 2013 data breach. Target has yet to file its planned motions to dismiss most of the claims.
The Massachusetts attorney general has reached a $150,000 HIPAA settlement with a Rhode Island hospital in the wake of a 2012 data breach that affected 14,000 patients, most of whom were from Massachusetts.
A district court in Illinois has dismissed a consolidated class action lawsuit seeking damages from Michaels Stores Inc. for a card breach the arts and crafts retailer suffered starting in 2013. Find out the grounds for the court's dismissal.
Infrastructure security used to be more manageable. But it's far more complex in today's cloud environment. Carson Sweet of CloudPassage shares insight and strategies to improve cloud infrastructure security.
eBay faces a class action lawsuit stemming from an early 2014 breach that resulted in 145 million customers having their personal information compromised. The suit contends the breach was the result of the company's "inadequate security."
The website of the European Central Bank has been breached and contact information for event registrants stolen. The breach only came to light when a hacker attempted to obtain a ransom to return stolen data to the bank.
A Missouri-based escrow firm is considering taking its fraud case all the way to the Supreme Court now that an appellate court has denied a request to have its case involving a $440,000 account takeover loss reheard.
A California court has given final approval for a settlement in a consolidated class action lawsuit against the insurer Health Net related to a 2011 breach that affected about 2 million individuals. Find out the terms of the settlement.
A former IRS employee was arrested and charged in an alleged ID theft scheme that involved stealing personal information about individuals, including IRS employees, to open credit card accounts for fraudulent use.
Leading this week's industry news roundup, Quantum Corp. is integrating its StorNext scale-out storage with the FireEye network forensics platform, while CARD.com is partnering with IDology to help prevent card fraud.
Three Americans and three Russians have been indicted in connection with an alleged $1 million account takeover and money laundering scheme involving more than 1,600 user accounts for StubHub, an entertainment ticket service.
Sources say a yet-to-be-confirmed breach of payment card data linked to transactions at Goodwill Industries could be linked to a point-of-sale vulnerability that may have affected other numerous merchants.