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
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
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.
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.