Sally Beauty Investigating Second Possible Breach

CUNANews

The Hill – Sally Beauty is investigating a possible data breach after a wave of “unusual” payment activity at some of its U.S. stores, the company said Monday. The probe comes one year after Sally Beauty confirmed it experienced a data breach that experts later said impacted nearly all of the company’s 2,600-plus U.S. locations. The first breach was confirmed after … Read More

Retailers Pressed to Protect Consumers From Data Breaches

CUNANews

Data security continues to be a struggle for major retailers. Surprisingly, there are still few federal regulations for them to follow if they’re hacked. Without such rules, damage will most likely increase from high-profile breaches such as those that hit Target and Home Depot in the past year or so. This isn’t to say that the government isn’t trying to … Read More

1 Billion Data Records Stolen in 2014, Says Gemalto

CUNANews

Data breaches increased 49% with almost 1 billion data records compromised in 1,500 attacks in 2014 – a 78% increase in the number of data records either lost or stolen in 2013, a new report by digital security firm Gemalto. The Netherlands-based firm said about 575 million records were compromised in 2013. Identity theft was by far the largest type … Read More

What President Obama’s Proposed Cyber Safeguards Mean for You

CUNANews

ABC News – Following recent high-profile hack attacks on U.S. companies, President Obama wants new protections for American consumers. On a visit to the Federal Trade Commission, Obama unveiled several pieces of proposed legislation he said will boost cyber-security, improve consumer privacy and prevent identity theft. The measures are expected to be included in his State of the Union address … Read More

What Obama’s Latest Cybersecurity Push Means for Banks

CUNANews

American Banker — A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws. The president teed up several new initiatives on Monday, … Read More

Data breaches hit credit unions harder than big banks

CUNANews

PHOENIX BUSINESS JOURNAL – Data breaches at retailers such as Target (NYSE: TGT), Home Depot (NYSE: HD), Staples (Nasdaq: SPLS) and others have a chilling effect on credit unions member services, said Credit Union National Association President and CEO Jim Nussle.