Archived Articles

Back to Vendor Listings

Judge Rules FTC Can Sue Companies for Not Taking Reasonable Data Security Measures

A United States federal judge recently ruled the Federal Trade Commission has the authority to file lawsuits against companies for failing to take “reasonable and appropriate” data security measures. The FTC sued hotel chain Wyndham Worldwide in 2012 of “repeated failures” to protect its customers’ data that led to multiple data breaches between 2008 and…

The Latest Heartbleed Bug Bombshell: NSA Knows About it and Uses It

The US National Security Agency (NSA) reportedly knew about the Heartbleed bug flaw and regularly used it to gather critical intelligence, according to the Bloomberg news agency. Heartbleed is the name given to a software vulnerability in OpenSSL, an open-source cryptographic library widely used to secure Internet communications. OpenSSL is commonly used by Web servers, VPN software,…

Federal Banking Regulators Warn of Increased Cyberattacks on ATMs

Cyber-attackers are withdrawing large amounts of money using stolen debit card information, often in amounts exceeding ATM limits or even the amount the victim has in the account, the Federal Financial Institutions Examination Council (FFIEC) said in a four-page statement last week. The cash-fraud scheme, which the US Secret Services refers to as “Unlimited Operations,” appears…

FFIEC Notifies Financial Institutions of Continued DDoS Attacks

The US Federal Financial Institution Examination Council’s (FFIEC) recent guidance on distributed denial of service (DDoS) attacks, provides financial institutions with at least six-steps as part of their responsibility to mitigate risk. The announcement in a press release outlines expectations to ensure businesses are aware of DDoS attacks and then expect organizations to conduct a risk…