As Home Depot scrambles to determine the scope and scale of a potentially massive breach of its customers' data, the retailer's troubles underscore the challenges facing retailers and card issuers attempting to gird themselves against cybercriminals.
Bring-your-own-device has caught on, and for many it's a positive development. Security is a big issue for companies that follow the trend, though, and one way to ensure it is by having remote-wiping capability to invoke under certain sets of circumstances. The trouble is, many of the gadgets in use don't segregate business and personal data. That means when a phone or tablet is wiped, everything goes.
Thirty-seven percent of more than 5,000 respondents reported economic crime in their organizations, with the categories of bribery and corruption and cybercrime experiencing notable growth, according to PwC in its latest Global Economic Crime Survey.
Shopper distrust following a series of retail data breaches is high - three in 10 shoppers say they don't trust retailers to protect personal and financial data against cyber criminals.
The focus of c-suite and senior executive attention has shifted from economic uncertainty to data, technology and the supply chain, according to the Global Top of Mind Survey from KPMG International and the Consumer Goods Forum. More than half (54 percent) of respondents cited digital strategy for mobile/digital platforms as top of mind for their business during the next 12 months.
The results of a new data security survey of U.S. businesses should not be surprising, but they are certainly alarming. Even though high-profile data breaches such as Target and P.F. Chang's have been in the news since the start of the year, IT executives said their companies' data is not secure.
Eighteen percent of online adults in the U.S. have had important personal data stolen, according to a Pew Research Center study highlighting the crisis in data protection.