Target Corp. confirms that the December breach that affected 40 million credit and debit cards, along with personal information on up to 70 million customers, had a major impact on the company's earnings in the fourth quarter of 2013.
In light of the critical shortage of information security professionals, organizations must strive to become a "center for security excellence" to successfully recruit the specialists they need, says analyst John Oltsik of Enterprise Strategy Group.
Dan Clements of IntelCrawler, the research firm that claims it traced malware apparently used in the Target breach and other retailer attacks, outlines steps merchants, banks and others should take to secure their networks.
Leading this week's industry news roundup, IBM introduces forensics software designed to retrace actions of cybercriminals. Also, ThreatMetrix announces frictionless context-based authentication, and more.
Lawsuits that card issuers have filed against Target to help recoup expenses associated with the retailer's breach aren't likely to reap big rewards, two legal experts say. But they are sending a strong message.
A law firm has developed a free iPhone app, Data Breach 411, to help organizations with breach notification compliance. The app provides links to 46 state data breach notification laws, relevant federal statutes and other resources.