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Costly shift to new credit cards won’t fix security issues

Source: National Cyber Security - Produced By Gregory Evans

New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price tag of $8.65 billion, the shift will address only a narrow range of security issues. Credit card companies have set an October deadline for the switch to chip-enabled cards, which come with embedded computer chips that make them far more difficult to clone. Counterfeit cards, however, account for only about 37 percent of credit card fraud, and the new technology will be nearly as vulnerable to other kinds of hacking and cyber attacks as current swipe-card systems, security experts say. Moreover, U.S. banks and card companies will not issue personal identification numbers (PINs) with the new credit cards, an additional security measure that would render stolen or lost cards virtually useless when making in-person purchases at a retail outlet. Instead, they will stick with the present system of requiring signatures. Anre Williams, president of global merchants services at American Express, cited cost and complexity as reasons for not issuing PIN numbers, which would require a much larger investment by card issuers. “It is the PIN management […]

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McDonald Hopkins issues alert on President Obama’s new data privacy agenda

CLEVELAND, Jan. 14, 2015 /PRNewswire/ – McDonald Hopkins, a business advisory and advocacy law firm, issued an alert on President Obama’s new data privacy agenda and the two proposed laws that aim to put the privacy back in “data privacy.” Data privacy and cybersecurity are critical. Read More….

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Cracking Coverage Issues in Data Breach Cases

Source: National Cyber Security - Produced By Gregory Evans

Cracking Coverage Issues in Data Breach Cases



Five years ago, data breaches were a blip on the risk-management radar screen. Now, they can send a cold shiver down the spine of any corporate board. If a company suffers a data breach, we are talking about significant exposure, […]

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NFAC issues recommendations to improve U.S. freight system operation, safety

Lorrie Barclay

Top Priority Sector: 
infrastructure_protection

The U.S. Department of Transportation’s (DOT) National Freight Advisory Committee (NFAC) has issued a report making recommendations to improve the national freight system’s operation and security.

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Security issues associated with cloud computing


http://zerotoprotraining.com This video explains, security issues associated with cloud computing. Category: Cloud Computing Tags: Security Issues.

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CBC News Morning April 24, 2013 Cell Phone & NFC Security Issues

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Cloud Security & Cloud Encryption Issues For Business’ Explained


Cloud Data Security is a major issue for any business that has operations in the cloud or planning a move to cloud based applications. Find out about ways to…

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FBI Issues Warning to Healthcare Industry on Cyber Security: Report

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FBI Issued warning to healthcare industry to improve their cyber security, weak cyber practices can be cause of being hacked or attacked Resources of  Reuters report that FBI sent private notice to healthcare companies in the industry “is not as resilient to  cyber intrusions compared to the financial and retail sectors, therefore the possibility of increased cyber intrusions is likely.” Possess record hold by  the healthcare companies are always a potential boon to hackers so the weak practices can be harmful in order to data robbery  for example  last year dell secure works  defined the market ranged (the pieces of …continue reading

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Yahoo Issues Security Sitrep

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Yahoo has just announced a new effort to upgrade its security, in the wake of a torrent of breaches and hacker attacks over recent months.

Yahoo’s plans include encryption of data in motion, enabling HTTPS encryption, and implementing the latest in security best practices, said Chief Information Security Officer Alex Stamos, who took over the job in March.

A series of attacks that began last October resulted in Yahoo’s servers being taken offsite for several days in December, forcing CEO Marissa Mayer to make a public apology. In early January, security firm Fox-IT reported Yahoo was serving malvertisements, and on Jan. 30, Yahoo reported a coordinated effort to gain unauthorized access to Yahoo Mail accounts using data from a third-party database.

Users posted a laundry list of complaints about Yahoo’s service on Is It Down Right Now? going back to March 4. Some threatened to leave the service for Gmail.

Yahoo “should have done this earlier,” Sorin Mustaca, IT security expert at Avira, “but they were tackling other problems – losing users, revenue issues, losing market share — so security, as a nonfunctional requirement, was left to the end.”

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