Links in “Cybersecurity/Data Breaches”
- Target Breach and Customer Service: How a Small CU Ran Circles Around BofA
How Bank of America and a small credit union handled the Target breach's impact on one particular customer, in this case a reporter for American Banker, provides a lesson in crisis management and opportunities gained and lost. [2/19]
- Target Breach by the Numbers
From 110 million (number of customers that may have been affected by the breach) to 4 (the number of days it took Target to acknowledge the breach after it was discover), a look at the numbers from the Target data security breach. [2/17]
- White House Issues First Round of Cybersecurity Guidelines
The White House released the first version of its cyber security framework for protecting critical infrastructure, a voluntary set of best practices guidelines. [2/14]
- Cybersecurity: Remembering When Target Passed on EMV Technology a Decade Ago
Cyber security is a moving target and it may be next to impossible to stay ahead of the bad guys, but retailers, like their counterparts in the financial services industry, need to have some skin in the game. [2/14]
- Truce? Retailers and Financial Trade Associations Announce Cybersecurity Partnership
Several trade associations from both the financial institution and retailer sectors commit to work together to protect customer information. [2/13]
- Industry Groups: Target Breach Due to Retailers’ Lax Computer Security
A group of banking industry groups issues statement seeking to counter retailers claims that inadequate card security was to blame for recent security breaches reported by major retailers. [2/12]
- Lessons from Barclay Bank’s Breach
The alleged breach of 27,000 customer files provides a reminder of the importance of encryption and keeping a record of who within the bank is authorized to access what, who has actually been accessing it and when. [2/12]
- Merchant Data Breaches Affected 13.9% of Credit and Debit Cards in 2013
NAFCU Chief Economist, David Currier, said the results of a recent association study are âstaggering.â Â According to the responders an average of 10,300 debit and credit cards (13.9% of their total portfolio) were affected by merchant data breaches last year alone. [2/11]
- Federal Government Needs to See Big Picture for Payments Systems
The message from the credit union trade associations during the 3-day Senate Banking Committee hearing on data security was that the government needs to ensure consumer data is protected at each step of the payment process. Criminals will focus their energies on the weakest link in the chain, which is currently the retailer. [2/7]
- Survey: Most Employees Engage in Risky File-sharing Behaviors
Survey finds 63% of employees had sent sensitive work documents from a personal email address, and 71% of those employees thought their companies approved of the practice. [2/7]
