IN 2013, there were 1,367 confirmed data breaches impacting consumers’ financial information.
August 1, 2014
Consumers who are dissatisfied with how they are treated by their financial institution following fraud sometimes change providers, resulting in a global attrition rate of 23 percent.
Moving information from enterprise data centers or in-network servers to a cloud environment is often chosen as a means to offload IT maintenance costs, provide a higher degree of physical safeguards and facilitate easier scaling to accommodate business growth.
Florida has enacted an Information Protection Act that aims to ward off identity theft by requiring organizations to protect personal data and report data breaches in a shorter period.
P.F. Chang’s China Bistro has confirmed Friday morning that there has been a data breach involving customers’ credit and debit cards used at its restaurants. After learning of the breach Tuesday, the company began an investigation with the U.S. Secret Service and a team of third-party forensics experts “to understand the nature and scope of the incident, and while the investigation is still ongoing, we have concluded that data has been compromised,” according to a statement from P.F. Chang’s CEO Rick Federico.
Acccording to the 2014 U.S. State of Cybercrime Survey, most U.S. organizations' cybersecurity capabilities do not rival the persistence and technological skills of their cyber adversaries.
