Links in “Cybersecurity/Data Breaches”
- During Christmas Crunch, Chase Tightens Controls on Target Customers
Chase limits two million customers who used its debit cards during Target's recent data breach to withdrawals of up to $100 a day and purchases up to $300 a day. [12/23]
- What the Target Breach Means for Credit Unions
The massive data breach at Target stores involving more than 90 million credit and debit cards may mean huge losses for credit unions. The theft of the mag stripe data means that criminals have all of the information they need to manufacture new fraudulent cards to access member accounts. [12/20]
- After the Horse Has Bolted: Target to Hire Third-Party Forensics Firm
40 million stolen credit card identities later, Target plans to hire a third-party digital forensics firm to investigate the breach and recommend information security improvements. [12/20]
- OCC Gives Perspective
Fall 2013 outlook notes overall strategic risk as elevated, noting focus on individual bank's strategic business plans for growth, cyber security threat management, competition impact, BSA/AML dynamic shifting towards new money laundering methods, and market volatility and price risk. [12/20]
- Potentially 40 Million Credit Cards Breached at Target
Reports of breach that began on Black Friday and lasted until Dec. 15. 40 million shoppers at Target's physical stores may have been targeted. [12/19]
- Credit Unions Unite Against Fraud
Increasingly, credit unions are taking the approach that the more information they share about card breaches and fraud with their members and other credit unions, the more effective everyone will be in combating fraud. [12/18]
- New York State Conducts Live Test for Cybersecurity
200 community banks in New York state underwent a testing exercise yesterday of their cybersecurity measures; today there will be a webcast debriefing. [12/13]
- Data Breaches Decline in 2013, But Lessons Still Being Learned the Hard Way
Data breaches declined from 27.8 million records compromised last year at this time to 10.6 million records compromised. But the news isn't all good. Here are lessons from four major data breaches in 2013. [11/27]
- Bank Takes Unusual Step of Offering Customers Free Antivirus Software
Ally Bank offers its customers free security software to protect their entire online experience. [11/26]
- Latest IT Threat: Cheap âFullzâ
A "fullzâ is a dossier of credentials for an individual usually including personally identifiable information that cyber crooks use to commit identity theft and fraud. The bad news is that the crooks have more of these dossiers than they know what to do with and they are being bought and sold for as little as $25 each. [11/26]
