Only 55 percent of global consumers feel stores use security systems that adequately protect financial data against hackers and data breaches
September 1, 2014
Nearly three in 10 global consumers do not trust retailers to protect stored personal or financial data against cyber risks, and 58 percent think financial institutions do a better job of protecting data than retailers, government agencies or law enforcement.
Twenty-eight percent of respondents say their CISO has made cybersecurity decisions that have led to negative effects on the enterprise’s financial health, including lost business, decreased productivity or impaired service levels.
A Twitter user both claimed responsibility for the denial-of-service attack against Sony's PlayStation Network and also suggested there was a bomb on-board Sony executive John Smedley's American Airlines flight.
UPS Stores, a subsidiary of UPS, said o that a security breach may have led to the theft of customer credit and debit data at 51 UPS franchises in the US.
Community Health Systems, which operates 206 hospitals around the U.S., announced today that in a recent data breach hackers stole data on 4.5 million patients, including names, Social Security numbers, addresses, birthdays and telephone numbers. The hackers did not steal information about patients’ medical histories, clinical operations or credit cards.
IN 2013, there were 1,367 confirmed data breaches impacting consumers’ financial information.
August 1, 2014
Consumers who are dissatisfied with how they are treated by their financial institution following fraud sometimes change providers, resulting in a global attrition rate of 23 percent.
Moving information from enterprise data centers or in-network servers to a cloud environment is often chosen as a means to offload IT maintenance costs, provide a higher degree of physical safeguards and facilitate easier scaling to accommodate business growth.
Florida has enacted an Information Protection Act that aims to ward off identity theft by requiring organizations to protect personal data and report data breaches in a shorter period.