Four giant card-payment processors and large U.S. banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its systems were compromised by unauthorized access.
Back in October, I was speaking as part of a panel discussion when someone asked about the role security issues should play when an organization is entering into a joint venture. It’s an interesting question and an area where I’ve had some experience.
The process of notifying affected populations in the event of a data breach is complex and littered with potential land mines – handled poorly, the notification can be a black eye for an organization and potentially open them up to regulatory fines or sanctions. Brian Lapidus and his team at Kroll have assembled the following advice for businesses to help them minimize their risk and simplify what has become a very challenging process.
There is no shortage of news stories dealing with cybercrime and data breaches. From Citigroup admitting that computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, to the huge data breach at Sony and its Playstation Network, it’s all over the news.
While most companies see cyber security as a major concern, they nevertheless underestimate how much a security breach can cost, according to a new survey from Aveksa Inc.
