In-brief: Reuters reports today that Target Corp has agreed to pay $39.4 million to banks to resolve claims that said they lost money because of the retailer’s late 2013 data breach.
data loss
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.
Update: Chinese Govt. Hackers Still Active Despite Truce
In-brief: A truce hammered out between U.S. President Barack Obama and Chinese President Xi Jinping in September hasn’t kept hacking groups that are believed to be affiliated with China’s People’s Liberation Army (PLA) from playing offense, according to a report from the security firm Crowdstrike. (Updated to add comment from Ken Westin of Tripwire. PFR 10/19/2015)
Splinternet? Many Paths In Wake of Safe Harbor Ruling – None Easy
In-brief: An EU Court’s ruling invalidating a 15 year old safe harbor agreement between the US and EU leaves companies with a myriad of choices about how to respond – none of them good.
