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EDDIE BAUER BREACH COULD AFFECT SIX MONTHS OF CARD DATA

Bellevue, Wash.-based Eddie Bauer said POS malware found at about 350 U.S. and Canadian store registers might have captured payment information used during store transactions between Jan. 2 and July 17. “While not all transactions during this period were affected, out of an abundance of caution, Eddie Bauer is offering identity protection services to all
  • 19 Aug, 2016
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Insurance, risk management options fall short on catastrophe planning, brokers say

Concerns over natural catastrophe risk have risen for middle market businesses, but the insurance and risk management solutions to address them appear to be lacking, according to a global survey of brokers. Assurex Global asked over 80 independent insurance brokers around the world about their clients’ concerns about such potential disasters as flooding, windstorms, earthquakes,
  • 15 Aug, 2016
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Spammers Hijack University Servers

A Google search of the Internet domains of Harvard, Stanford and UC Berkeley yielded unexpected results – websites selling an assortment of drugs, including cut-rate antibiotics and Viagra. Why are top-ranked research universities from the Bay Area to the Bay State promoting what appear to be online pharmacies? Because criminals see an opportunity to take
  • 3 Jun, 2016
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U.S. To Establish New Cybersecurity Agency

(Reuters) — The U.S. government is creating a new agency to monitor cybersecurity threats, pooling and analyzing information on a spectrum of risks, a senior Obama administration official said on Tuesday.   The Cyber Threat Intelligence Integration Center (CTIIC) will be an “intelligence center that will ‘connect the dots’ between various cyber threats to the
  • 10 Feb, 2015
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Trustwave Releases State of Risk Cybersecurity Report

Companies that store credit-card or financial information need to activate employees to study, monitor and respond quickly to possible data breaches, says a cybersecurity risk study released this week.   Chicago-based information security firm Trustwave’s 2014 State of Risk report suggests that companies are taking a more active approach to risk management than in previous
  • 30 Dec, 2014
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Congress Ends Session Without Renewing TRIA; Insurance Industry ‘Reeling’

“Incredible disappointment” is echoing within the insurance industry as Congress has chosen to adjourn without reauthorizing the Terrorism Risk Insurance Act.   The federal terrorism insurance backstop is set to expire on January 1, 2015. Without the law in place, businesses affected by a major terrorist attack after this date could be left without insurance.
  • 17 Dec, 2014
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Employers Can’t Force Workers To Get Health Screenings

Do it or else. Increasingly, that’s the message from employers who are offering financial incentives to workers who take part in wellness programs that include screenings for blood pressure, cholesterol and body mass index. But the programs are under fire from the Equal Employment Opportunity Commission, which filed suit against Honeywell International in October charging
  • 7 Dec, 2014
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Retailers data breaches could get ‘ugly’ during holiday season

Hold onto your credit cards — cybercriminals are eager to hack them, and this holiday shopping season, there is a good chance they will be successful.   Despite the massive and high-profile data breach at Target last year, in which thieves stole credit card or personal information for up to 110 million people just as
  • 7 Dec, 2014
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Banks Ready Cybersecurity Defense

Wall Street soon will unveil its next line of defense against hackers. A group backed by the biggest banks plans early next month to launch a platform that would allow financial firms to communicate faster about potential cyber breaches, according to remarks to be made at an Internet-security conference Tuesday.   The product — called
  • 11 Nov, 2014
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How To Respond To SEC Inquiries Concerning Data Breach And Data Security Policies

Every company, whether public or private, has exposure to potential data breach or theft of confidential information. When this occurs, various state and federal regulatory organizations have jurisdiction over ensuring that there is prompt, corrective, and remedial action taken by the company whose systems have been compromised.  Much of the focus of articles and commentary
  • 11 Nov, 2014
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24 Questions To Ask Before Terminating An Employee

Of all the employment decisions employers make, none get litigated more often than termination decisions. To protect your company, review these questions before any termination. Does the employee have a contract of employment? If so, what does it say about grounds for termination? Has the employee acknowledged in writing that employment is terminable at will?
  • 28 Aug, 2014
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Upsurge in Hacking Makes Customer Data a Corporate Time Bomb

(Reuters) — With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next.   The reality, cyber security experts say, is that however much they spend, even the largest companies are unlikely to be able to stop
  • 9 Jun, 2014
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States Sticking to Insurance Exchange Models for 2015

Few states could claim Obamacare’s first enrollment period was smooth — whatever the final numbers — but most will approach their insurance exchanges the same way for the 2015 window. None has asked the Obama administration to take over its marketplace or elected to abandon HealthCare.gov in favor of running its own.   For the
  • 20 May, 2014
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Bank Managers May Be On the Road to Becoming Public Enemies – Warns Cynosure Risk Advisors LLC

Bank Directors and Officers Face Increased Scrutiny from Regulatory Lawsuits and Criminal Investigations Brought by Federal Regulatory and Law Enforcement Agencies.   CHICAGO May 8, 2014 – After recent court rulings and criminal investigations, the directors and officers of banks may not be sleeping so soundly.  Seemingly gone are the days where courts and regulators reflexively
  • 8 May, 2014
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Court Upholds FTC’s Power to Sue Hacked Companies

Federal Trade Commission has the power to sue companies that fail to protect their customers’ data, a federal court in New Jersey said Monday.   The ruling shoots down a challenge from Wyndham Hotels, which argued that the FTC overstepped its authority with a 2012 lawsuit against the global hotel chain.   The decision by
  • 9 Apr, 2014
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