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Data Theft / Data Security

New UK Fraud Industry Body Will Highlight the Cost of Fraud

PKF Littlejohn and Experian to revive the government’s fraud cost estimate.  UK’s only indicator on the total cost of fraud to be launched this year.  A new industry body has been set up to highlight the cost of fraud to UK businesses, charities and the public. The UK Fraud Cost Measurement Committee will seek to revive and enhance the government’s previous Annual ... Read More »

LifeLock Completes Identity Theft Training for More Than 10,000 Law Enforcement Agents in All 50 States

LifeLock, Inc. (NYSE: LOCK) and the FBI-Law Enforcement Executive Development Association (FBI-LEEDA) announced a milestone in identity theft training for law enforcement: training has now been completed in every state, as marked by an interactive educational summit last week in Cheyenne, Wyoming, the fiftieth state. Approximately 16.6 million persons or 7% of all U.S. residents age 16 or older, were ... 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 »

FICO Awarded 25 New Patents for Fraud Protection, Cybersecurity, Predictive Analytics and Decision Management

FICO has been awarded 25 new patents, bringing its patent portfolio to 167 U.S. and foreign patents.  These patents were awarded to team members of FICO Labs for inventions underlying the company’s solutions in fraud protection, cybersecurity, predictive analytics and decision management. Ten of the latest patents cover analytic innovations used by FICO’s industry-leading fraud solutions across the financial, healthcare ... 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 »

Experian Data Breach Resolution Releases White Paper

Report provides insight into the current regulatory framework around data breach notification and what to expect going forward Experian Data Breach Resolution released a white paper today, “Policymakers Review Focus on Data Breach Laws,” analyzing the current legislative and regulatory landscape around data breaches. Legislation to establish a national data security and breach standard remains undefined, sustaining uncertainty as to whether ... 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 »

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 »

Equifax Canada Launches Data Breach Resources Website equifaxprotect.com

Equifax Canada (NYSE:EFX) launched a new Data Breach resources website (www.equifaxprotect.com)  in response to a recent rash of data breaches and pending legislative changes aimed at protecting organizations that collect and maintain personal data. With Data Breaches on the rise (Equifax 2013 annual statistics reveal an increase of over 250% from 2012 in the reported data breach occurrences), all organizations ... Read More »

Data Breaches and Financial Performance: Lessons Learned from Target

In December we reported the data breach at Target, a US based retailer impacting 40 million customers.  In the meantime the company announced that 70 million of its customers would be at risk. The company stated that as part of Target’s ongoing forensic investigation, it has been determined that certain customer information — separate from the payment card data previously ... Read More »

FICO: Plan Ahead for Potential Data Breaches

Does your company have a crisis plan?  The unfortunate truth is that for every preemptive countermeasure that you introduce, devious criminals will seek and may eventually find a way around it. That is why a truly best-practice approach includes proactively establishing a crisis plan for what to do if a data breach occurs. A data breach crisis plan should include: ... Read More »

FICO: Best Practices to Prevent Data Breaches

A record number of data breaches occurred in 2012—a dramatic 48% increase from 2011 in the US alone—resulting in billions of dollars in fraud losses FICO has compiled a comprehensive set of best practices for managing the risks associated with data breaches.  These protective measures are based on an analysis of clients who have experienced breaches, combined with input from ... 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 »