Although European Union leaders expressed concerns about the NSA's surveillance programs to President Obama, that didn't prevent the United States and EU from issuing a communique highlighting cooperation on cybersecurity.
A law firm has developed a free iPhone app, Data Breach 411, to help organizations with breach notification compliance. The app provides links to 46 state data breach notification laws, relevant federal statutes and other resources.
NIST has unveiled its long-awaited cybersecurity framework, which provides best practices for voluntary use in all critical infrastructure sectors, including, for example, government, healthcare, financial services and transportation.
Encryption gaps in retail payment card transactions were highlighted at a Congressional hearing that examined security failures in the aftermath of malware attacks against point-of-sale systems at Target and Neiman Marcus.
At a Feb. 4 Senate hearing, a senior executive from Target Corp. endorsed a shift to chip cards, combined with PINs, to enhance security, while a Neiman Marcus executive questioned if that was a prudent move.
Days before the release of the Obama administration's cybersecurity framework, Senate Republicans issued a report detailing vulnerabilities in federal IT, suggesting the White House get its own house in order.
Several payment system experts testifying at a Senate hearing on Feb. 3 urged the adoption of chip card technology in the wake of breaches at Target Corp. and Neiman Marcus. But representatives of banking and retailing engaged in some finger-pointing.
The breach at Target stores that may have affected as many as 40 million credit and debit card account holders is a watershed moment that could greatly raise awareness of cybersecurity risks, says privacy attorney David Navetta.
According to research, organizations may take 250 days to detect advanced threats, and then another 30 days to mitigate the attacks. This is why greater situational awareness is needed, says Eric Schou of HP.
In light of recent high-profile retail breaches, The Financial Services Roundtable is asking Congress to pass a national data breach notification law and expand oversight of the retail and telecommunications sectors.