Articles Tagged with ''data security''

The role of the CSO has significantly changed in the past 10 years and will change even more drastically over the next 10. For example, mention “convergence” and lines begin to blur – lines demarcating previously clear-cut, albeit traditional areas of management responsibility, budgets, reporting hierarchies, resourcing needs and geography.

Attorney General Eric Holder is urging Congress to require businesses to quickly alert consumers and law enforcement agencies in the wake of a significant data breach, similar to the ones at Target and Neiman Marcus.

Governments and corporations are facing considerable risk to their data, their underlying networks and the reliability of their products because of a confluence of three factors.

Visa CEO Charlie Scharf is pushing for advances in payment technology and security.

An intruder stole a vendor's credentials that were used to access Target's system and cause its massive security breach last year.

Democratic lawmakers called for a congressional inquiry into the hacking of credit and debit card data of Target customers.

Retailer Neiman Marcus said that thieves stole some of its customers' payment card information and made unauthorized charges over the holiday season.

Ginger Reeder, spokeswoman for Dallas-based Neiman Marcus Group Ltd., said in an email that the retailer had been notified in mid-December by its credit card processor about potentially unauthorized payment activity following customer purchases at stores, said AP. On Jan. 1, a forensics firm confirmed evidence that the upscale retailer was a victim of a criminal cyber-security intrusion and that some customers' credit and debit cards were possibly compromised as a result, said AP.

Reeder wouldn't estimate how many customers may be affected but said the merchant is notifying customers whose cards it now knows were used fraudulently. Neiman Marcus, which operates more than 40 upscale stores and clearance stores, is working with the Secret Service on the breach, said AP.

"We have begun to contain the intrusion and have taken significant steps to further enhance information security," Reeder wrote.

Citing the Target data breach, Senator Leahy of Vermont reintroduced the Personal Data Privacy and Security Act, which would "establish a national standard for data breach notification, and require American businesses that collect and store consumers’ sensitive personal information to safeguard that information from cyber threats."

Google has opened its first data centers in Asia to cater for soaring demand.