A Russian cyber gang has breached over 420,000 web and FTP sites to pilfer over 1.2 billion credentials, according to Hold Security, saying it discovered "what could be arguably the largest data breach known to date."
Target Corp.'s net breach expenses not covered by insurance are expected to total $146 million for its most recent three quarters following the company's massive December 2013 data breach that compromised payment card information.
P.F. Chang's China Bistro now says a breach of its card processing system may have resulted in the theft of customer payment card information at 33 of its 210 U.S. locations. Security experts question why so few of the locations were affected.
Among the major data breaches reported during the week of July 28 was an incident at Irish online gambling site Paddy Power that impacted 650,000 customers. View this week's infographic of the top five breaches for the week.
Brian Cornell, newly appointed CEO of Target Corp., faces the challenge of ensuring that the protection of customer information is a top priority at the company following last year's massive data breach.
Karl Schimmeck of the Securities Industry and Financial Markets Association won't discuss reports about the group's alleged backing of the formation of a cyberwar council, but says financial institutions must play a role in protecting critical infrastructure.
Key figures trusted with safeguarding the British financial services sector recently gathered in a subterranean London conference room to find better ways to secure banks against cyber-attackers. One key step? Managing supply chain risks.