As FierceITSecurity reported earlier this year, Michaels Stores said that it was investigating a possible breach involving customers' credit and debit card data. Now Michaels is estimates that close to three million credit and debit card account numbers were stolen.
As the IT security world continues to process the magnitude of the Target data breach, Symantec is confirming what many of us suspected--that 2013 was a record-setting year for data breaches.
High-profile data breaches at Target, Neiman Marcus, and most recently Experian, have received the attention of federal agencies, Congress and state legislatures and state attorneys general. Consumers are fed up with the lax information security approaches of major companies and that unhappiness is being felt in government at all levels.
33 lawsuits across 18 districts filed against Target over its massive data breach last fall will be consolidated in the retailer's home state of Minnesota, the U.S. Judicial Panel on Multidistrict Litigation ruled last week.
While Target continues to suffer in the court of public opinion, its fortunes in a court of law just improved.
An effective IT security program requires investment not only in technology but also in people and processes, something that Target failed to do.
Two banks have sued Target for losses stemming from the recent data breach in which tens of millions of credit data were stolen. Trustmark National Bank and Green Bank N.A are also seeking class action status for the lawsuit, and in a rare move, also names security firm Trustwave as a defendant.
Target is continuing to feel the effects of the massive data breach that exposed credit and debit card accounts of 40 million customers and personal information on another 70 million customers during the height of the holiday shopping season.
In this Editor's Corner, I'd like to take a deep dive into a cybercrime report prepared by the nonprofit think tank RAND, best known for its national security research.
Expanding black and gray markets for computer hacking tools, services and spoils of cybercrime, such as stolen credit card numbers, are expanding, creating an increasing threat to businesses, governments and individuals, according to a new RAND study sponsored by Juniper Networks