Links in “Cybersecurity/Data Breaches”
- Yahoo Email Hack and the Implications for Your Customers
With an undisclosed number of Yahoo email accounts compromised, it may be a good time to reminder customers about some fundamental steps to protect themselves, including never using the same password on multiple sites or services. [1/31]
- Metsger Advocates Chip-and-PIN Technology for Card Security
In his first article for the NCUA Report, new NCUA board member, Richard Metsger, wrote that the current security technology is too vulnerable to security breaches and that the Target breach may bring enough attention to this issue to move the industry towards greater security measures, such as the chip-and-PIN technology. [1/30]
- Bankers Group Offers Consumers Tips on Keeping Data Private
ICBA offers tips to consumers on proactive security measures. [1/29]
- TSYS Says It Was Shielded from Recent Retailer Data Breaches
Total System Services says it was not involved in any of the recent data breaches at Target and other retailers. [1/29]
- CFPB Advises Consumers on Industry Data Breaches
CFPB publishes advisory to help consumers protect themselves in the wake of the recent breaches of payment card and other data. Promotion of key actions in event of compromised information provided. [1/28]
- Chip and PIN Smartcards Would Not Have Stopped Target’s Breach
Smartcards, with their microchips on their face and the required four-digit PIN code for in-person purchases, may be long overdue in this country, but even they wouldn't have prevents the theft of shoppers' credit card information in the latest breaches at Target and Neiman Marcus. [1/28]
- Retailers Blame Bankers for Security Breaches, Bankers Strike Back
ICBA expresses its outrage over National Retail Federation's letter blaming the financial services industry for recent high-profile data breaches, says the NRF should focus its efforts on responding to the harm the security breaches have done to consumers and their financial institutions. [1/23]
- Target Breach to Cost Credit Unions More Than $30 Million
According to a recent online CUNA survey, the Target data breach has already cost credit unions almost $30 million and this figure does not include fraud costs. The respondees reported an average cost so far of $5.10 per affected card. [1/22]
- Eminent Domain Threats Discourage Mortgage Lending
Securities industry views mere threat of such actions by municipalities as enough to impair the availability of credit in such communities. [1/22]
- Incentivize Data Security by Holding the Breached Responsible
In the wake of recent data security breaches of retailers such as Target, ICBA urges Congress to allocate liability to incentivize maximum security by making the party that suffers a data breach responsible for fraud losses and the costs of mitigation and restitution when consumer information is compromised. [1/20]
