Citi says only North American cardholders were affected by a recent breach of its online banking platform, though the tally of affected accounts has now jumped from about 200,000 to more than 360,000.
Six months after Michigan-based Experi-Metal Inc. sued Comerica Bank after a breach that resulted in $1.9 million in ACH and wire fraud, a U.S. District Court has favored the commercial customer.
It's not easy to read into LulzSec's motivation. They seem intolerant of those who know the rules but fail to follow them, such as IT security professionals who reuse passwords. They're brazen, and they're in it for the laughs.
Organizations are starting to adapt to cloud computing, but they're hesitant about placing their core assets in the online environment, according to results from the 2011 ISACA IT Risk/Reward Barometer.
ADP is investigating a data breach that hit one of its corporate clients.
ADP did not name the client but said it is actively working with law enforcement to determine the cause of the incident.
No one is really sure when the FFIEC's new authentication guidance will be issued, but we do know banking institutions can't afford to wait. Hence, our new FFIEC Authentication Guidance Resource Center.
Information Security Media Group announces the launch of FFIEC Authentication Guidance, a resource center dedicated to providing in-depth news and views on the pending online authentication guidance.
Recent hacks have uncovered security vulnerabilities that should have been addressed years ago. "These attacks are going to escalate," says Josh Corman of The 451 Group. But organizations can implement basic steps to make the hackers' job harder.
New guidance from the PCI Security Standards Council about the risks associated with virtualized systems aims to help merchants proactively evaluate security before they leap into new deployments.
Who's behind the International Monetary Fund breach? Some observers suggest the attack could have been waged by a government to access confidential information about the financial stability of certain global markets.
The PCI Security Standards Council's new guidance on virtualization in the payments space aims to provide best practices for securing the payments chain's virtual platforms and appliances.
Details surrounding the reported breach of the International Monetary Fund remain sketchy, but alarming. And Gartner analyst Avivah Litan believes there may be "dozens" of similar incidents that have not been disclosed.
"This is yet another [incident] in what is turning into a major 'breach streak,' which will make all of us rethink what information security really means," says Mike Urban, senior director of fraud solutions for FICO.
"Eddie also will contribute to product strategy, marketing and technical evangelism for RSA," an RSA spokeswoman says. "This role will leverage Eddie's 20-plus years of security expertise."
Breaches will not slow anytime soon, and there's not much financial institutions and the payments chain can do to stop them. At this point, the best course of action for banks and retailers is to focus on damage control.
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