Links in “Cybersecurity/Data Breaches”

The Wall Street Journal is reporting that Mastercard is ready to enter into a settlement with Target to recover costs that card issuers suffered from the retailer’s massive data breach.  Those familiar with the negotiations are reporting that the amount of the settlement could be in the $20 million range. [4/15/15]

Two debt brokers have agreed to settle Federal Trade Commission charges that they exposed sensitive information of over 55,000 consumers to potential buyers. As part of the settlement, the firms must institute programs to protect the consumer information. [4/14/15]

Survey finds that three out of four IT practitioners are concerned about negligent or malicious employees. And many of them speak from experience: a third have admitted they've experienced and insider attack. [4/14/15]

Efforts to enforce cybersecurity among employees tends to throw up roadblocks that either hurt productivity or cause workers to find ways around the cybersecurity measures that are even more risky. A better approach is to rate the mitigation risks presented by various employees. [4/13/15]

Survey of IT professionals finds most organizations have gaping security holes when it comes to protecting themselves against insider attacks, putting themselves at risk for significant data loss and reputation damage. [4/10/15]

The California and Nevada Leagues announced they are joining the class action lawsuit against Home Depot. Cybercriminals accessed the retailers payment systems resulting in the compromise of 59 million credit and debit cards and costing the credit union industry over $65 million. Thirty other credit unions and leagues have already joined the suit. [4/9/16]

A recent survey by Awareness Technologies revealed some surprising results. In the survey 66% of the credit unions reported that they had security controls in place, but 77% of the credit unions surveyed reported that they did not believe or were unsure whether those security measures provided complete protection against internal data threats. [4/9/15]

The Internet Crime Complaint Center has issued an alert warning about fraudulent government websites and web defacements.  Fraudsters are creating websites that mimic government websites with the intent of obtaining personal consumer information and, in some cases, fees for services that are never delivered.  Both the NCUA and a Montana credit union have been victims. [4/9/15]

A digital shopper scam is using the correct routing number of a bank in New York on counterfeit cashier's checks. Here's what to look out for and how to report anything suspicious. [4/9/15]

The case for human safeguards and security education, not just hardware and software. [4/8/15]