Articles Tagged with ''data breach''

Proxy adviser Institutional Shareholder Services is urging shareholders to overhaul Target’s board in the wake of last year’s wide-scale data breach.

Following a massive cyberattack, eBay is reportedly facing a formal investigation with the government over security practices. The online auction site will have to answer questions about what type of security was in place before hackers gained access to the personal data of its 145 million users.

After data breaches hit major retailers at the end of last year, Americans are growing more concerned about credit and debit card fraud, according to the 2014 Unisys Security Index.

eBay been hit by a huge cyberattack that compromised its main database holding user passwords.

U.S. Homeland Security Secretary Jeh Johnson says that Congress is likely to agree on cybersecurity legislation this summer.

Credit and debit card fraud tops Americans' security concerns in 2014, against a recent backdrop of major retail and banking security breaches, according to the 2014 Unisys Security Index.

The FBI has warned healthcare providers their cybersecurity systems are lax compared to other sectors, making them vulnerable to attacks by hackers.

According to the Ponemon Institute's ninth annual Cost of Data Breach Study, the consolidated total cost of a data breach increased 15% in the last year, to $3.5 million.

Gregg Steinhafel, the chairman and CEO of Target, has left the company effective immediately.

The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.