A class action suit against breached restaurant chain P.F. Chang's China Bistro is unlikely to succeed, some security experts say, because proving consumer losses linked to specific merchant data breaches is difficult.
The OCC says cyberthreats against the U.S. financial infrastructure are growing, and financial fraud should not necessarily be banking institutions' top concern. Learn more about the latest OCC report.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
As Keith Alexander tells it, when he led the National Security Agency, he didn't exist. Alexander discovered that 'fact' after he retired on May 21 as director of the NSA and commander of the Cyber Command and began shopping to buy a new home.
A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.
If the NSA's meddling in NIST cryptography standards soiled the reputation of the National Institute of Standards and Technology, an amendment approved by the House of Representatives could help restore it.
P.F. Chang's confirmed card breach has renewed debate about the state of security at U.S. merchants. The PCI Council's Bob Russo says that while there has been progress in recent months, the retail industry still has a long way to go.
Kentucky is now the 47th state to enact a breach notification law. While a national law superseding the widely varying state statutes is long overdue, the primary election defeat of House Majority Leader Eric Cantor makes passing such a bill tougher.
A proposed UK computer crime bill would increase hacking penalties and criminalize cybercrime attacks that impact the economy, environment or national security. Proving related charges in court, however, could be difficult.
Legislation before the House to excise from federal law the requirement that NIST work with the NSA on cybersecurity standards wouldn't likely stop the two federal agencies from continuing to collaborate.
Financial Institutions already apply out-of-band security in many instances. The challenge is: How do we help protect payment cards when they are used at any number of online and brick-and-mortar retailers?