What President Obama’s Proposed Cyber Safeguards Mean for You

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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

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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

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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.

Target’s Data-Breach Timeline

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WALL STREET JOURNAL — Target Corp. said Friday that personal information, including names, mailing addresses, and phone numbers, of some additional 70 million customers were stolen during a data breach at the retailer over the holidays.

Staples Data Breach May Have Affected Over 1 Million Payment Cards

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REUTERS/HUFFINGTON POST — Office equipment supplier Staples Inc said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards. The breach at 115 of the company’s 1,400 stores was announced in October. Staples said it has since eradicated the malware.

Banks: Card Breach at Some Chick-fil-A’s

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KREBS ON SECURITY — Sources at several U.S. financial institutions say they have traced a pattern of credit card fraud back to accounts that all were used at different Chick-fil-A fast food restaurants around the country. Chick-fil-A told KrebsOnSecurity that it has received similar reports and is working with IT security firms and law enforcement in an ongoing investigation.

Bebe confirms data breach hit U.S. retail stores

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FORTUNE — Women’s retailer latest to be stung by a cyberattack. Bebe Stores has confirmed a data breach hit the women’s retailer’s payments system over a two-and-a-half week period last month, the latest retailer stung by an attack that focused on obtaining payment card information.

Kmart and Dairy Queen Report Data Breach

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NEW YORK TIMES — In the latest cyberattack on American retailers and restaurants, both Kmart and Dairy Queen said their computer systems were compromised in security intrusions involving customers’ credit and debit card information.

Supervalu, Albertsons Discover New Data Breaches

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BLOOMBERG BUSINESSWEEK — Supervalu Inc. and the operator of the Albertsons supermarket chain, which both suffered data breaches this year, said they discovered additional attacks in the computer networks that process card payments.