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InternetNews June 20, 2005 Clint Boulton |
MasterCard: 40M Credit Card Accounts Exposed Credit card companies said sensitive information, including names, banks and account numbers, for millions of accounts was exposed by Atlanta-based CardSystems Solutions. |
Bank Technology News October 2005 Michael Dumiak |
Protecting Customer Data: Grappling With Lost Data, Broken Trust Data loss is an institution's worst nightmare. And with high profile cases like CardSystems, the largest players are playing damage control with customers-and facing the ire of Congress. |
Bank Technology News July 2005 Glen Fest |
Data Losses: Cardsystems Takes A Bullet After Breach Visa and American Express bid adieu to the processor, unable to forgive the firm for the compromise of customer data and flouting association rules. Was that fair-and is anyone next in the firing line? |
InternetNews September 22, 2005 Roy Mark |
Roberts Vote Could Stall Data Privacy Law Judiciary Committee may vote today on mandating national breach disclosure law. |
InternetNews January 21, 2009 Richard Adhikari |
Cyber Thieves Hit Payment Processor Heartland Experts warn that more attacks may be to come. Observers also say the breach highlights the current state of legislation regarding disclosure when data loss hits corporations. |
InternetNews July 25, 2005 Roy Mark |
CardSystems May Close Doors The credit card processor that exposed approximately 40 million records to possible identity theft is facing possible financial ruin, as both Visa and American Express canceled their business with CardSystems. |
InternetNews March 11, 2005 Jim Wagner |
New Service to Put ID Protection in Your Hands Amid a flurry of data theft issues, Intersections readies an in-depth service to police who's trying to use all your data. This can help you spot identity theft. |
InternetNews June 23, 2005 Roy Mark |
Confidence in E-Commerce Waning Gartner survey shows one of out three Internet users buying less online, largely because of concerns over data security. |
InternetNews February 6, 2007 Roy Mark |
Concealment a Crime in Latest Data Breach Bill Additional legislation calls for criminal penalties for concealing breaches and consumer notification of 'significant' breaches. |
InternetNews June 30, 2005 Roy Mark |
Bill Targets Trafficking in Social Security Numbers Legislation requires companies to alert customers if their credit card information has been breached. The bill also prohibits requiring individuals to use Social Security numbers as their account numbers. |
InternetNews May 23, 2006 Roy Mark |
VA Data Breach Stirs Washington In the second-largest data breach on record -- and the biggest Social Security numbers breach ever - the Department of Veterans Affairs disclosed Monday approximately 26.5 million veterans are at risk of identity theft. |
InternetNews July 10, 2007 Roy Mark |
Many Breaches, Few ID Thefts Data breaches are frequent, but evidence of actual identity theft resulting from the breaches is limited, according to a new report by the General Accountability Office. |
InternetNews February 25, 2005 Erin Joyce |
Tech Needs to Opt-In For ID Protection It's up to the tech industry to improve consumers' data privacy because even if Congress acts, it won't have much of an effect. |
BusinessWeek July 3, 2006 Dean Foust |
ID Theft: More Hype Than Harm Law enforcement officials say the criminals tend not to follow through after stealing personal data. |
InternetNews April 12, 2005 Roy Mark |
Feinstein Tightens ID Theft Proposal California Democrat calls for national notification law just before Senate hearing. |
U.S. Banker September 2007 John Bingham |
Data Breaches' Sophistication Prompt 'Digital Dozen' Standards Taking measures to prevent and deter data breaches is the best approach to avoiding the high cost of fraud. Collaborations among Visa, MasterCard, American Express, Discover Card and JCB created a common industry security requirement known as the Payment Card Industry Data Security Standard. |
InternetNews January 12, 2007 Roy Mark |
Data Breach Law Back in Senate Businesses and government agencies would have to notify consumers under certain circumstances of data breaches under legislation introduced by U.S. Sen. Dianne Feinstein. |
InternetNews October 23, 2006 Ed Sutherland |
Online Brokers Hit By Fraudsters SEC and other regulators investigate millions in losses of E*Trade and TD Ameritrade customers. |
InternetNews June 16, 2005 Roy Mark |
Senate Takes up Data Security Law FTC commissioners set to testify before panel that will enforce any new data privacy laws. |
CRM September 2012 Kelly Liyakasa |
Cracking the Code on Cyber Crimes Despite efforts to proactively protect customer data, computer intrusions and online fraud are on the rise. |
InternetNews October 29, 2004 Jim Wagner |
Feds Charge 28 in ID Theft Ring Agents at the U.S. Secret Service unmasked 28 people who thought they were safe behind anonymous identities and charged them in connection with alleged ID Theft activities. |
U.S. Banker April 2011 Jeremy Quittner |
Breach Comber MasterCard's new technology identifies the likeliest victims of fraud and helps minimize unnecessary account closings. |
InternetNews January 9, 2009 Richard Adhikari |
New Data Breach, Privacy Bills in Congress If at first you don't succeed, try, try again. |
Bank Systems & Technology August 5, 2004 Thomas Claburn |
MasterCard Goes Fishing For Phishers MasterCard will use NameProtect's technology to detect online scams as they unfold and, in conjunction with law-enforcement organizations, shut them down. |
Wall Street & Technology October 23, 2007 Melanie Rodier |
Financial Firms Continue to Struggle to Plug Security Loopholes New technologies, such as pattern analysis, as well as awareness and training can help financial services firms keep hackers at bay. |
PC World November 2005 Alan Stafford |
Privacy in Peril With identity thieves targeting big consumer databases, your data isn't just up for sale -- it could be up for grabs. |
U.S. Banker March 2003 Melissa Solomon |
Is California Asking for Too Much Information? A new law is aimed at protecting customers from identity theft. The disclosures finance companies make could be embarrassing. Not telling could hurt even more. |
Bank Technology News March 2007 Holly Sraeel |
Protecting Data Online Is a Top Priority for Consumers Today, consumers recognize that fraud is no laughing matter. According to a study, 41% of respondents would decrease their use of online banking or switch institutions in the wake of a data breach. |
InternetNews August 4, 2006 Roy Mark |
Data Breaches And Congress A roundup of where federal data breach security laws stand. |
InternetNews February 22, 2007 Roy Mark |
Retailers to Hold Data-Breach Bag? Proposed legislation in Massachusetts would make retailers financially responsible for breaches of their databases that lead to consumer identity theft. |
Bank Technology News April 2001 Maria Bruno |
Hackers Steal 1 Million Card Numbers Teams of Russian and Ukrainian hackers stole more than 1 million credit card numbers from 40 American e-businesses in recent months, according to the Federal Bureau of Investigation... |
InternetNews November 3, 2006 Ed Sutherland |
FBI: Twilight For Bank Phishermen U.S. and Poland hackers had targeted a major financial institution. |
InternetNews July 28, 2005 Roy Mark |
ID Theft Bill Wends Through Senate The proposed law calls for full disclosure to consumers when sensitive personal data is breached or lost. |
CFO January 1, 2006 John McPartlin |
Hackers Find Backers Large organizations should prepare themselves for more-clever and more-targeted attacks against their security infrastructures this year. Computer crime is now a game for professionals. Are companies prepared to respond? |
CRM September 7, 2012 Dale Dabbs |
Protect Your Most Valuable Business Assets--Your Customers Optimal CRM incorporates data protection best practices to curtail identity theft. |
Bank Technology News February 2007 Andrea Klein |
Losses Rise If Reputation is Compromised The banking industry has begun to recognize the true cost of a tarnished reputation. The next and more challenging step for many is mitigating reputational risk, especially as it relates to online security breaches. |
InternetNews March 17, 2006 Roy Mark |
Groups Slam Data Breach Notification Bill A U.S. House panel effort to write a national data breach disclosure law is running into fierce opposition by consumer groups calling the legislation the "worst data security bill ever." |
InternetNews June 22, 2004 Sean Michael Kerner |
MasterCard Charges Phishers The credit card company does its part to combat phishing phenomenon. |
Bank Systems & Technology June 20, 2008 Maria Bruno-Britz |
Banks Are Not Ready for Red Flag Regulation Many banks are not prepared to comply with the new "red flag" regulations, which call for tougher fraud prevention to protect consumers' personal data. |
Bank Systems & Technology December 1, 2005 Eileen Colkin Cuneo |
Dealing With Data Theft After the Fact When a security breech occurs, a company handling it right can flip the negative into a positive and earn customers' respect and appreciation. If they handle it wrong, and the business will fight the stigma of being an untrustworthy organization indefinitely. |
Wall Street & Technology March 21, 2006 Paul Allen |
Add Another Bolt to the Cyber Door Due to enhanced and evolving cyber-threats, financial institutions now must implement some form of multifactor authentication or layered security to protect sensitive customer data. |
InternetNews August 18, 2005 Tim Gray |
Consumers' Online Security Concerns Rising A new study suggests that authentication technologies may help regain online users' trust. |
InternetNews March 31, 2010 |
FBI, DOJ Identity Theft Programs Fall Short A new report from the DOJ's Office of the Inspector General says the government is making a big mistake by not making ID theft prevention and prosecution a top priority. |
Searcher November 2005 Carol Ebbinghouse |
Another Phine Kettle of Phish: Identity Theft Prevention Ten things to do today to protect yourself against identity theft. |
InternetNews September 23, 2005 Roy Mark |
Senate Turns Attention to Data Privacy The Senate Judiciary Committee expects to vote next week on legislation making it a crime for data brokers to conceal a security breach involving personal data and increasing penalties for computer fraud when the act involves personal data. |
Bank Systems & Technology February 18, 2009 Ashfield & Shroyer |
Security Management: An Ongoing Challenge for Banks Banks face a difficult challenge in the area of security management. |
InternetNews October 8, 2009 |
FBI Holds Its Own Phish Phry Fed crackdown nets the largest number of defendants ever charged in a cyber crime scam. |
Bank Systems & Technology April 7, 2006 Peggy Bresnick Kendler |
Security Outlook A plethora of high-profile data breaches and concerns about identity theft have put the banking industry on high alert. To secure their information assets, banks must implement a cross-channel, multilayered approach that extends beyond technology. |
InternetNews May 24, 2006 Roy Mark |
House Panel Moves on Data Breach Bill With data breaches back in the news, national legislation begins to percolate. |
U.S. Banker December 2001 Robert A. Bennett |
'I Didn't Do It' MasterCard and Visa are having a hard time fighting Internet and telephone fraud. The technology is there, but there's little incentive for all parties to cooperate. Above all, MasterCard and Visa are duking it out with each other... |