Links in “Cybersecurity/Data Breaches”

Consumers aren't confident in the cybersecurity of online brands, but they aren't helping matters by continuing to reuse passwords across multiple accounts (a report finds that 68% of consumers still do). Consumers are keen to have an alternate form of verification. [8/27/15]

The NASCUS/CUNA Cybersecurity Symposium has come to a close and was a big hit with key discussions regarding the new FFIEC cybersecurity tool, vital points about data breaches, and vulnerabilities in the evolving payment system. [8/27/15]

The NCUA has instructed examiners that they can no longer accept files from credit unions if they are not encrypted by the credit union.  If the credit union is unable or unwilling to encrypt the files, then the credit union must send the files directly to the NCUA’s encrypted equipment. [8/26/15]

Regularly ask "How would I steal money from this credit union?" That's one of five key actions credit unions should take to bolster their cybersecurity, according to this presentation at the CUNA/NASCUS symposium. [8/25/15]

A U.S. appeals court gives the Federal Trade Commission power to hold a hotel operator accountable for breaches in which hackers stole credit card and other details from more than 600,000 consumers. [8/25/15]

Evidence has come to light that may show that Target intentionally delayed taking action on data breach alerts in order not to interrupt Cyber Monday. A Minnesota judge has ordered a 55-page document filed by attorneys representing five financial institutions that are suing Target for the breach to be unsealed. [8/24/15]

Congress isn’t happy and is demanding answers from the Office of Personnel Management related to the massive date breach that affected 21.5 million current and former federal government employees. The House Oversight Committee wants to know the precise date that the OPM contacted the US-CERT and has requested all internal OPM documents related to the breach. [8/24/15]

Following close on the heels of the announced settlement between Visa and Target, MasterCard says it is close to an agreement, but the amount of the possible agreement was not stated. MasterCard issuers previously turned down a $19 million proposed settlement that would have given issuers about $1.90 per card. [8/21/15]

There are countless cyber threats out there. How do we deal with it all? The key is to focus on what is relevant to you and your financial institution. [8/21/15]

Target settles with Visa on behalf of thousands of financial institutions for $67 million for a massive data breach in 2013. A separate deal with MasterCard is said to be in the works. [8/19/15]