High-profile retail breaches, such as the one suffered by Target Corp., could spur more merchants to promote increased use of mobile payments to boost security, says Thad Peterson, a new analyst at Aite Group.
Third-party risks and the Fed's plans for emerging payments will be highlighted at ISMG's Fraud Summit Chicago on May 14. How banking institutions and retailers are expected to respond to new risks posed by external parties will be a focus for our keynote panel.
"Security as a business enabler" was the mantra echoing through the recently concluded 2014 Infosecurity Europe conference in London, a message that should have been heeded by top executives at retailer Target last year.
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
Federal regulators have released a proposed framework for addressing safety risks involved in using healthcare IT, including EHRs and medical devices. The report takes into account that cybersecurity can play a role in ensuring safety.
An analysis of the Target breach prepared for a Senate committee is a political document that might help its patron's agenda but doesn't go far enough to identify technical solutions to help enterprises avoid Target-like breaches.
The No. 1 reason Congress, after five years of intensive efforts, has yet to enact comprehensive cybersecurity legislation is differences over how much liability protection to grant businesses to get them to share cyberthreat information.
Speculation surrounding the cause of the disappearance of Malaysia Airlines Flight 370 hasn't included the possibility of a cyber-attack. But one cybersecurity expert contends hacking an airliner is feasible.