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Target agrees $67 million for Visa data breach
Target has reached a $67m agreement with Visa over the massive data breach of customers’ payment data during the 2013 holiday shopping season that raised serious questions about the company’s data security systems. The company said the required number of card issuers had entered into the agreements. It declined to say how much the issuers would [...]
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Are fingerprints the new passwords?
Ever since Apple introduced TouchID for iPhones, more and more smartphones feature fingerprint scanners. And that has some security researchers worried. “If you leak a password, you can just change it; if you leak a fingerprint, it’s lost for your whole life,” FireEye researcher Yulong Zhang said at a presentation at the Black Hat USA conference [...]
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Cyber security: When 95% isn’t good enough
According to a very interesting article in the FT – two weeks after hackers broke into Sony Pictures’ computer systems, deleting important company files and exposing embarrassing emails, technology experts at some of the world’s largest financial institutions decided to run an experiment. They took copies of the “malware” — malicious strands of computer code [...]
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Cyber attack Open Threat Exchange sharing platform
Banking bosses say that a cyber attack is among their biggest fears, with nearly 80% of chief executives of financial services firms worrying about this potential risk. But five months after the world’s biggest bank raid – where cyber criminals stole £650m from financial firms around the world – is the FS sector doing enough [...]
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Darkode hacking forum smashed – 12 charged
US authorities working with law enforcement officials abroad say they have shut down the Darkode online forum used by cybercriminals around the world and charged 12 people linked to the site. US Attorney David Hickton announced the charges in Pittsburgh and called Darkode “a cyber hornet’s nest of criminal hackers.” “Of the roughly 800 criminal [...]
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