The United States Court of Appeals on Tuesday reversed a lower court’s decision, ruling that the IT security system used by a domestic bank was not “commercially reasonable” to protect its customers.
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The Government Accountability Office (GAO) is warning that the U.S. government hasn’t lived up to promises to protect the privacy of Medicare patients who use the federal government’s Prescription Drug Benefit and not following through on promises to audit organizations that store patient health information.
Independent business owners may find themselves deep in debt after hackers wipe out their bank accounts, with banks reluctant to recoup losses caused by online attacks, according to a report in the New York Times.
If a newly released survey is any indication, publicized data breaches aren’t enough to prompt small businesses to better protect their customer or employee data.
A survey released this week by The Hartford found 85 percent of small business owners believe a data breach is unlikely and often lacked even basic measures to secure sensitive data.
Loose security protecting voice mailboxes at mobile carrier AT&T provided a key element necessary to successfully hack the Google Enterprise Apps account of tech firm CloudFlare, according to an account of the hack posted by CEO Matthew Prince.
Regulation is not the answer. That’s what the CISO of Regions Bank, Michele B. Cantley repeatedly responded with when asked what the government can do to improve the financial sector’s current security climate in a hearing hosted by the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises this morning.
The House Committee on Financial Services is hosting a hearing tomorrow in which they will explore the various cyber threats targeting capital markets and government sponsored enterprises.
The FBI said that there are still more than 330,000 computers believed to be infected with the DNSChanger malware, with just weeks to go before a court order to cut off their ability to communicate with the rest of the Internet. Fully 77,000 are located in the U.S., according to data provided to Threatpost.
An application programming interface (API) error on the popular Kickstarter crowdfunding website exposed the plans and descriptions of more than 70,000 yet-to-be launched projects.