A judge in the US has ruled in favor of retail chain Schnuck Markets following its data breach, ruling that the company is only liable to pay a maximum of $500,000 in damages.
Twelve months on from its infamous data breach, Target was ruled as negligent by a court this week, which will allow a number of financial institutions to proceed with their class action suit against the retailer.
A mental health services provider in Alaska has been fined $150,000 under HIPAA for failing to patch its software, which led to a data breach in 2012. The case raises more questions over how much effort the healthcare industry is putting into safeguarding electronic records.
The US Postal Service continues to feel the effects of its November data breach and will now delay the filing of its 2014 financial report as the agency still hasn’t determined whether financial data was compromised or not.
2014 has been the year of the breach with more major data breaches than previous years, especially in retail and as the holiday shopping season approaches, more and more retailers are at risk. A massive data breach can be debilitating for a company but it has many far reaching effects too and can pass on Read More
The Beth Israel Deaconess Medical Center (BIDMC) in Boston has been fined $100,000 over its 2012 data breach, which resulted from the theft of an unencrypted laptop. The fine was handed down by the Massachusetts Attorney General. The incident occurred in 2012 when a laptop containing sensitive patient data, including the names, Social Security numbers, Read More
Despite its near-crippling data breach earlier this year, Home Depot has posted solid earnings growth today, indicating that customers have not been deterred from shopping there. The DIY store chain reported a 14 percent growth in earnings in the third quarter, putting concerns at ease for shareholders after September’s data breach that affected over 50 Read More
The US State Department temporarily closed its entire unclassified email system on Friday, after suspicious activity was detected on the system, according to a report from AP. None of the classified systems were affected by the suspected hack, according to a senior department official speaking to the Associated Press on the condition of anonymity. “The Read More
This week HSBC Turkey was hacked and saw 2.7m customers’ credit information stolen but the bank is refusing to reissue the cards, saying that not enough data was stolen to qualify as fraud. HSBC released a statement earlier this week but says that the stolen data cannot be used to make fraudulent transactions. “Our cards Read More
Following its data breach earlier this year where thousands of cards were compromised, Neiman Marcus has hired its first chief information security officer (CISO) to oversee security matters in the company. Sarah Hendrickson officially commenced her new role last week, having previously served as CISO at the Children’s Medical Center of Dallas and held security Read More