In the wake of recent high-profile retail breaches, the PCI Security Standards Council is supporting a move toward chip card technology that conforms to the Europay, MasterCard, Visa Standard, says General Manager Bob Russo.
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.
The No. 1 reason Congress, after five years of intensive efforts, has yet to enact comprehensive cybersecurity legislation is differences over how much liability protection to grant businesses to get them to share cyberthreat information.
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.
When breaches result from retailers' lax security practices, merchants should be obligated to help banking institutions cover fraud losses and other post-breach expenses, says Viveca Ware of the Independent Community Bankers of America.
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 PCI Security Standards Council has no plans to modify its standards for payment card data security in response to high-profile payment card breaches at Target and Neiman Marcus, says Bob Russo, the council's general manager.
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.
A bill that backers say would fortify the IT security of the nation's critical infrastructure and government by codifying, strengthening and providing oversight of the mission of the DHS has cleared its first hurdle.
Undeterred, two senators will try again to get their colleagues to enact legislation that they contend would better safeguard sensitive information and notify consumers of a data breach when personally identifiable information is exposed.
Target Corp.'s revelation that personal information about up to 70 million customers was breached in a recent malware attack raises new questions about Target's security practices and risks to consumers.
While preparing a speech to be delivered in Korea, NIST's Ron Ross wanted to convey the message of the importance of computer security. He hit on five themes - threat, assets, complexity, integration and trustworthiness - which form the acronym TACIT.