Data breaches bring a slew of bad consequences for the victim, not the least of which are the costs of lost business, remediation, and, possibly, litigation. But for publicly held entities, there’s an additional risk: a lasting hit to the share price. For 24 companies whose shares are traded on …
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New Verizon Report Sheds Light on Hospitality-Industry Data Breaches
Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …
Read More »Eye on Payment Data: Delta, Sears Experience Breaches and ControlScan Debuts a PCI Compliance Service
A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …
Read More »124 Breaches Already in 2018; Learning Mobile-Wallet Lessons; Cardtronics’ ATM Revenue Increases
Eye on Security: 124 Breaches Already Reported in 2018; Cost of Malicious Cyber Activity May Exceed $100 Billion
Some 124 new data breaches have become known this year as of Feb. 16, the Identity Theft Resource Center reports. And the White House’s Council of Economic Advisors issued a study last week pegging the cost of malicious cyber activity to the economy in 2016 at $57 billion on the …
Read More »Data Breaches Have Exposed More Than 172 Million Consumer Records This Year, the ITRC Reports
Fraudsters have caused 1,202 data breaches this year as of Nov. 29, up nearly 18% from the same period a year earlier, and they’ve exposed 172.4 million records, according to the latest figures from the Identity Theft Resource Center. Some 156.4 million Social Security numbers were compromised in the breaches, …
Read More »Frequency of Breaches Points up Limited Capabilities of Cybersecurity Teams, Survey Says
Data breaches have grown so frequent that at least some observers have begun to question whether cybersecurity staffs within corporate and government entities are up to the challenge of stopping them. “You just have to look at the continued ubiquity of breaches in the headlines to know that we’re losing …
Read More »A Wallet’s Digital-Currency Plan; FDIC Auditor Notes 54 Possible Breaches; Elan Adds Ondot Function
FDIC May Have Been Hit With Up to 54 Data Breaches in the Past Two Years, Auditor Says
As the insurer for deposits at most of the nation’s banks, the Federal Deposit Insurance Corp. collects a large amount of personally identifying information on bank customers. As such, the FDIC is a target for hackers, who hit it with 54 suspected or confirmed data breaches discovered between Jan. 1, …
Read More »Gemalto: Records Compromised by Data Breaches Rise 164% in Six Months
Payment-security technology provider Gemalto NV reported Wednesday that, around the world, some 1.9 billion records were compromised by data breaches in 2017’s first half, up 164% from 721 million records compromised in the last six months of 2016. The outlook for 2017’s second half is grim in light of the …
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