"Unfortunately, like many organizations, we were targeted by criminal hackers who penetrated our system with a new strain of a virus," Massachusetts Labor and Workforce Development Secretary Joanne Goldstein says.
The Obama administration's plan for a federal data breach notification policy is too vague to be effective, and it lacks teeth to penalize violators, according to experts who raise open questions about the proposal.
More than 30,000 enrollees in a Medicare supplementary insurance plan from Anthem Blue Cross are being offered free credit monitoring services after they were mailed notices that apparently displayed their Social Security numbers in the envelope window.
Kazuo Hirai, a top Sony executives, says the company is applying advanced security technology, increasing levels of encryption, adding firewalls and implementing early warning systems to detect attacks on network.
SWIFT's Gottfried Leibbrandt says conflicting regulatory mandates could further fragment the international payments market, if banks and governments don't align their strategies. Communication among governments, regulators and global financial institutions is critical.