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Data Security / Data Theft

Data Distrust Pits Consumers against Business

Consumers around the world are actively sabotaging business success every day by deliberately providing the wrong information when asked for personal details, scuppering organisations’ growth plans. A new study by GBG, the leader in identity data intelligence solutions, shows consumers are fed up with being asked for their details, with two in three admitting to deliberately giving incorrect information because they ... Read More »

FICO Brings Self-Learning Analytics to Cyber Security

FICO leverages its patented fraud detection and streaming analytic technologies to detect cyber security threats as they occur FICO (NYSE: FICO) announced the availability of the FICO® Cyber Security Analytics solution. This solution leverages decades of research in streaming analytics technologies, as well as new advances in self-learning models, to detect emerging and evolving cyber threats in real time. “As ... Read More »

Cybercrime and the Value of Personal Data

Put simply, the underground economy is a collection of forums, chat rooms and custom-made websites that are all designed to facilitate, streamline and industrialize cybercrime.  It’s within these communities that cybercriminals gather to trade tools, services and victims’ credentials.  There are various ways to obtain credentials.  Some options are Phishing attacks, Trojan Horses and hacking into an online company database. ... Read More »

The Problem of Identity Theft and What You Can Do About It

Almost a year ago, Target first revealed a data breach had compromised millions of its customers’ credit and debit card information. Since then, the news has been dominated by the discovery of new breaches, disasters collectively putting millions of consumers’ information at risk and every consumer on alert. This time around, consumers haven’t forgotten: according to TransUnion’s most recent consumer ... Read More »

Data Security: Record Year for Data Breaches?

Experian Data Breach Resolution released a collection of educational resources for businesses with anecdotes and advice on how to prepare for and manage a data breach. Compiled based on the company’s history of servicing some of North America’s largest data breaches, the initiative packages key learnings from Experian’s behind-the-scenes support of more than 2,000 client breaches last year. This includes ... Read More »

Data Breach at UPS Store

The UPS Store announced  August 15th 2014 that 51 of its locations experienced a security breach that may have compromised customers’ personal information, including credit and debit card data. There are 4,470 UPS franchised locations throughout the U.S., so the breach affected roughly 1% of stores. A list of the stores (the 51 locations are in 24 states) that experienced the ... Read More »

Hold Security Uncovers the Largest ever Security Breach!

Over one billion of stolen credentials to thousands of websites! According to Hold Security a Russian crime ring has amassed the largest known collection of stolen Internet credentials, including 1.2 billion user name and password combinations and more than 500 million email addresses. After more than seven months of research, Hold Security identified a Russian cyber gang which is currently ... Read More »

Target Data Breach:  Consequences of Apparent Lack of Oversight

According to an article in the Wall Street Journal, Institutional Shareholder Services (ISS), which advises big shareholders of how to vote on corporate ballots, has recommended to Target shareholders to oust seven of the company’s ten directors for lack of oversight.   The ISS claims that these directors failed to insure that Target’s systems were secured against cyber threats.  The recommendation ... Read More »

More Online Americans Say They’ve Experienced a Personal Data Breach

As news of large-scale data breaches and vulnerabilities grows, new findings from the Pew Research Center suggest that growing numbers of online Americans have had important personal information stolen and many have had an account compromised. 18% of online adults have had important personal information stolen such as their Social Security Number, credit card, or bank account information. That’s an increase from ... Read More »

Identity Theft Facts by TransUnion

BIIA member TransUnion offers sound advice in dealing with identity theft.   Knowing identity theft facts is critical. Identity thieves are less likely to prey on a well-informed population. So the more you learn about identity theft facts, the less vulnerable you are. Become familiar with identity theft facts and you’ll quickly see identity theft for the serious problem that it ... Read More »

Data Breaches: UK Police in the Dock

If you are looking for culprits of data breaches in the information industry it is generally the wrong place to look.   Try the police:   More than 300 police staff and officers – including high-ranking officials – have either resigned or been sacked since 2009 for illegally accessing personal data on the police database, according to the UK Information ... Read More »

EMV Adoption in the US: Right on Target (or Not)

A frequently asked question concerning EMV Chip Card Technology is about the US lagging behind Europe in adopting more secure credit card technology? The Target data breach has brought discussion of EMV technology into the mainstream.  EMV stands for Europay, MasterCard and Visa.  It is a security standard for a variety of payment cards including, credit and charge cards, traditional ... Read More »

Digital Data: The New Currency in the Digital Age

Personal data has been transformed into a valuable new currency in the digital age, with revelations over government surveillance and how companies are able to commercially exploit our data at the forefront of the debate.  But how much information is potentially available on the average smartphone user?  As an experiment, Daniel Thomas of the Financial Times decided to access his own ... Read More »

Data Breach at Target: 40 Million Consumers Affected

Target says that its stores have been hit by a major credit-card attack involving up to 40 million accounts.  The retailer said that the unlawful access to customer information took place between Nov. 27 and Dec.15. Earlier, the Secret Service confirmed to USA TODAY that it is investigating the massive data violation involving shoppers’ personal credit-card information. The breach began ... Read More »

FICO: Data Breaches Up 48% – Recommends Best Practices for Preventing Data Breaches

FICO publishes White Paper on Best Practices for Preventing Data Breaches. Consumers may enjoy the convenience of electronic banking, e-commerce and ATMs, but as the volume of financial transactions on computer networks increases, so does the risk that financial data will be compromised.  A record number of data breaches occurred in 2012—a dramatic 48% increase from 2011 in the US ... Read More »