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News

• CIO resigns following US Target breach

  Target CIO Beth Jacob has resigned following a data breach at the retailer that may have affected as many as 110 million U.S. residents.

• US attorney general calls for data-breach notification law

  The U.S. Congress should pass a law requiring businesses that have lost customer information in cyberattacks to notify those affected, U.S. Attorney General Eric Holder said Monday.

• Banks push for tokenization standard to secure credit card payments

  A group representing 22 of the world's largest banks is pushing for broad adoption in the U.S. of payment card technology called tokenization, citing shortcomings in the planned migration to the Europay MasterCard Visa smartcard standard over the next two years.

• Target attack shows danger of remotely accessible HVAC systems

  The massive Target breach led to revelations that many companies use Internet-connected heating, ventilation, and air conditioning (HVAC) systems without adequate security, giving hackers a potential gateway to key corporate systems.

• Target contractor says it was victim of cyberattack

  A contractor for Target said Thursday it was also a victim of a cyberattack, supporting the retailer's claim that hackers gained entry to its network via a third party.

• Target breach happened because of a basic network segmentation error

  The massive data breach at Target last month may have resulted partly from the retailer's failure to properly segregate systems handling sensitive payment card data from the rest of its network.

• One in three victims of Target card breach could face fraud

  One in three data breach victims in 2013 later experienced fraud, according to a survey released Wednesday, a sharp increase that doesn't bode well for millions of Target shoppers.

• US retailers Target and Neiman Marcus defend security practices

  Recent data breaches at Target and Neiman Marcus were sophisticated attacks not detected by robust cybersecurity measures, executives with the two companies told U.S. lawmakers.

• Increasing malware sophistication vexes lawmakers, industry

  The failure of U.S. financial institutions and retailers to implement more robust cybersecurity measures, such as the smart-card technology widely used in Europe, was questioned and criticized by members of the U.S. Senate Judiciary Committee at a hearing Tuesday.

• PCI security standard remains solid, chief says

  The head of the organization in charge of maintaining security controls over credit card transactions insisted Monday that its standards remain solid despite the concerns raised by data breaches at Target and other companies.

• Tor-enabled malware stole credit card data from PoS systems at dozens of retailers

  Payment card data was stolen during the past three months from several dozen retailers that had their point-of-sale systems infected with a memory-scraping malware program called ChewBacca.

• Target says attackers stole vendor credentials

  Target said Wednesday that intruders accessed its systems by using credentials "stolen" from a vendor, one of the first details the retailer has revealed about how hackers got inside.

• DOJ's Holder says agency is investigating Target data breach

  The US Department of Justice is investigating the data breach at Target stores, which compromised as many as 110 million payment cards and personal records in one of the largest such attacks on record.

• Reducing data breach risk through the ‘datensparsamkeit’ approach

  Software design firm Thoughtworks is urging companies to avoid storing large amounts of unnecessary personal data, following recent data breaches at Target and Neiman Marcus in the United States.

• Arts and crafts chain Michaels investigates possible data breach

  Michaels, a large U.S.-based arts and craft store chain, said Saturday it is investigating a possible data breach after suspicious activity was detected on payment cards used at its stores.