In-brief: A federal court has thrown out a class action suit against Michaels Craft Stores, saying that the plaintiff couldn’t prove she was damaged as a result of her information being stolen. The basis for the ruling: a 2013 Supreme Court case concerning the government’s secretive FISA courts.
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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.
Survey: Boards Bracing For Cyber Lawsuits, Regulation
In-brief: Corporate boards are bracing for lawsuits and increased government regulation related to cyber incidents such as hacks and data theft, according to a survey of board members conducted by New York Stock Exchange (NYSE) Governance Services and the security firm Veracode.
Update: Photo Bombed Retailers CVS and Costco Admit Customer Data Stolen
In-brief: Pharmacy chain CVS and discount chain Costco acknowledged this week that a July security incident involving a third party firm that provides online photo processing and printing services resulted in the theft of some customer data. (Updated to add comment from Staples and CVS. PFR Sept. 16, 2015)
Parent Firm of Ashley Madison Faces Extinction Level Hack
In-brief: Following a security breach, Avid Life Media, the parent of Ashley Madison and other adult-focused hookup sites, said that it was on the trail of the culprits. The question is whether ALM and its various properties will survive the incident.