Equifax is facing increased scrutiny from Congress, including a bill that would mandate free credit freezes for consumers, on demand. But a true fix would require Congress to give U.S. government consumer watchdogs more power.
What do you do if you're the CEO of a credit bureau that's suffered a massive breach, leading to Congressional probes, dozens of lawsuits, formal investigations by state attorneys general and calls for your resignation? Answer: Issue an apology via USA Today.
The notion of patching the most critical vulnerabilities is outdated and ineffective thanks to today's black market for exploit kits, says Kevin Flynn of Skybox. Evaluating the exposure and context of holes in your organization is crucial to shoring up defenses, he says.
If the Equifax breach turns out like every other massive data breach we've seen for more than a decade, after a big brouhaha - from Congress, state attorneys general, consumer rights groups and class-action lawsuits - nothing will change, because that would require Congress to give Americans more privacy rights.
The massive Equifax data breach has already led to the filing of more than 30 lawsuits against the data broker - one demanding up to $70 billion in damages. At least five state attorneys general have launched formal investigations, while several Congressional committees have promised hearings.
A 10-digit PIN used by consumers to freeze access to credit reports with Equifax is based on dates and times, several observers have noticed. Equifax says it plans to change how the PIN is generated, but experts say it's another troubling development for a troubled company.
The Equifax breach revealed on Thursday is more significant that other mega-breaches because of the nature of the data that was potentially exposed, says cybersecurity attorney Imran Ahmad. He'll be a featured speaker at ISMG's Toronto Fraud & Breach Prevention Summit on Tuesday.
Oracle's Joshua Brooks understands why those charged with information security compliance can, at times, be overwhelmed when they must deal with frameworks associated with PCI, HIPAA, FedRAMP, ISO 270001 and NIST 800-53, to name a few.
A federal judge has ruled that a consolidated class-action lawsuit filed by those affected by the Yahoo data breaches can proceed. The ruling means Yahoo's corporate parent, Verizon, will face a suit that could eventually lead a court to attempt to quantify the financial impact of leaked data.
Verizon has made a strong case for continual PCI DSS awareness with its new study of payment card data security. But like many vendors that conduct their own studies supporting their business cases, Verizon makes suspect logical stretches.
Password security guidance: Do block users from picking commonly used passwords. But to avoid a usability nightmare, don't block users from picking any password that's ever been seen in a data breach, security experts advise.
The never-ending stream of bad information security news is fueling a virtual gold rush for companies offering protection. A new report from Forrester predicts a healthy growth rate over the next five years, with some specific technologies expected to see double-digit growth.
A judge has designated the case against Marcus "MalwareTech" Hutchins, who's been accused of creating and selling the Kronos banking Trojan, as "complex" after his defense requested more time to review chat logs, malware samples and other evidence submitted by prosecutors.
Crew error - not hacking - remains the most likely explanation for this week's deadly collision between a U.S. Navy guided-missile destroyer and a merchant oil and chemical tanker off the coast of Singapore, experts say.
Beyond the emotion, the arrest of security researcher Marcus Hutchins last month on charges that he developed and sold banking malware has thrust information security researchers into the legal limelight and highlighted just how much law enforcement agencies rely on them.