In-brief: The Federal Trade Commission announced that it has reached a deal with Wyndham Hotels stemming from a string of data breaches that resulted in some $10 million in fraudulent charges. The hotel chain agreed to improve its information security practices.
data breach
Toymaker Hack Highlights Dark Side of Tech Industry’s Data Obsession
In-brief: The hack of VTech, a maker of technology products for children, has exposed sensitive data on hundreds of thousands of children, the company acknowledged this week. Also exposed: the toy industry’s growing and unregulated appetite for information on the children who play with their toys.
Experian: EMV Chips Won’t Stop Payment Breaches
In-brief: Experian, the credit monitoring firm, predicts in a new report that many merchants will continue to suffer payment-related breaches in 2016, despite the shift to EMV technology from older, magnetic stripe credit cards.
Report: Cyber Insurance Premiums Jump in Wake of Incidents
In-brief: cyber insurance premiums are jumping following a string of large and high-profile breaches, Reuters reports. But that doesn’t mean insurers are souring on covering online risk.
Snowden Blowback: EU Invalidates Safe Harbor Agreement for Data
In-brief: Citing the danger of pervasive government surveillance, the European Union abandoned a 15 year-old agreement on data sharing that is one of the underpinnings of the global information commerce.