Nine of the country’s largest payment card issuers who participate in the Payments Security task force estimate that they will have issued more than 575 million chip-enabled payment cards by the end of 2015.
An industrial maintenance and construction firm in Tennessee is suing its bank to recover $327,000 in stolen funds, according to a Krebs On Security report. If the lawsuit proceeds to trial, it could be easier and cheaper for cyber attack victims to recover losses.
The cloud’s benefits – numerous flexible options, scale and elasticity – demand dropping pre-conceptions about security carried over from traditional data centers.
Security breaches cost organizations around the world millions of dollars each year. The average cost of each breach is upwards of $6 million according to a report from the Ponemon Institute, and perhaps more concerning, 50 percent of organizations surveyed were not confident in their security programs.
When asked specifically about the underlying technologies of a credit or debit card, Americans responded favorably, with 69 percent stating that EMV chip cards are making their debit and credit card transactions more secure, with only five percent feeling chip cards make their transactions less secure.
Removing the power from a computer not only results in lost volatile memory, much of which can be critical to a forensic investigation (and should be imaged), but also may lead the intruder to establish other points of entry.
The U.S. House of Representatives passed three cybersecurity bills aimed at strengthening the federal government’s ability to prevent and respond to cyberattacks.