Report: Data Breaches Hike Fraud Risk 400%
By Doug Pollack, Chief Marketing Officer for ID Experts
This report should be heeded by those banks, health care organizations, government agencies, insurance companies and others that we entrust with our social security and checking account numbers, birth dates and mothers’ maiden names, and in some cases our personal health information.
Tools for Quantifying Risk Exposure are Few
By Doug Pollack, Chief Marketing Officer for ID Experts
The seeming inconsistency between the perception of being immune from data breach risks with the rapid growth in data breach incidents, led us to think about whether organizations can actually quantify their level of breach risk. We were somewhat surprised that there is not much available to organizations to help them in scoring their vulnerability.
Business Risk Exposure and Firewall Efficacy
By Steven Fox, Founder of SecureLexicon
Firewalls must be considered in Risk Management, Data Consolidation, and Change Management. As a business grows, so does the rule set to account for new risks, network segments, and users. If the organization does not understand its risk exposure, such tools are of little use.
Anti-Malware Strategy Crucial for Businesses
By Steven Fox, Founder of SecureLexicon
This is the first part of my Black Hat interview with Andrew D. Hayter, Anti-Malcode Program Manager for ICSA Labs. In this installment, Mr. Hayter highlights the challenges businesses face in mitigating malware-related risks.
Heartland (HPY) Implements E2EE System
From Heartland Payment Systems
“Monday’s successful test involved Zones 1, 2, 3 and 4,” detailed Steven M. Elefant, Heartland’s executive director of end-to-end encryption. “We believe that protecting data in these zones alone will significantly impact the protection of cardholder data.
ISR News: CardSystems Breach Spurs Suit
Excerpts From Digital Transactions
Four years later, the fallout from the notorious CardSystems Solutions Inc. data breach—at the time the biggest hacking of payment card data ever—surfaced last week and looks like it could go on for months or even years. Merchant acquirer Merrick Bank Corp. is suing Savvis Inc., the company that inspected CardSystems before the breach, for alleged negligence because Savvis had concluded that the processor’s security systems met Visa Inc.’s standards.
ISR News: Heartland Fights MasterCard Fine
Excerpts From Finextra
“Heartland therefore considers the MasterCard fine to be in direct violation of both the MasterCard rules and applicable law and it intends and is prepared to vigorously contest and it has recommended to its sponsor banks that they vigorously contest, through all means available including litigation if necessary any liability that may be asserted or imposed upon Heartland or its sponsor banks by reason of this fine,” says Carr.
Heartland Regains PCI Compliant Status
By Anthony M. Freed, Information-Security-Resources.com Financial Editor
Heartland’s removal from the list of compliant payment processors had followed revelations that the company had suffered what may have been the largest data breach of payment card information to date, although details of the incident and similar events at RBS WorldPay (RBS) have not been made available due to ongoing investigations.
Payment Card Industry Swallows Its Own Tail
By Anthony M. Freed, Information-Security-Resources.com Financial Editor
Anyone who has been following the cascade of security failures plaguing the payment card industry in the last year, and punctuated by the still-shrouded breaches at RBS WorldPay (RBS) and Heartland Payment systems (HPY), has to acknowledge that there are major problems with security that need to be addressed pronto. But the greatest threat to the survival of PCI DSS (Payment Card Industry Data Security Standard) may not be the ever-evolving tactics of the criminal hackers intent on a “big score,” but instead the dysfunctional nature of the relationships between the very parties the standards are meant to serve.
ISR News: Heartland Class Action Lawsuit
Excerpts From ComputerWeekly.com
An investor has filed a proposed class action in the US district court of New Jersey on behalf of all other investors in Heartland between August 2008 and February 2009. The complaint alleges that Heartland issued false or misleading statements and failed to disclose material adverse facts about its business, operations and prospects during that period. Heartland’s shares during that period also declined from $21.84 per share, or approximately 80%, from its high of $27.19 per share in September 2008.
