The settlement ends a three-year legal battle between the retailer and customers whose credit card information was allegedly exposed by the 2013 hack.
The vulnerabilities found in the Hana platform could have enabled "a full system compromise without any type of previous authentication."
The settlement with affected financial institutions brings Home Depot's total payouts related to the massive 2014 hack to around $180 million.
A spear phishing campaign identified by FireEye appears to be targeting personnel involved with SEC filings at public companies.
Since data breaches suggest weak controls, CFOs need to improve their grasp of technology controls.
Lack of a standard language, concern over potential coverage gaps, and uncertainty over the value of policies are making businesses wary.
Companies sustained more than 1,000 data breaches in 2016, an increase of 40% over 2015 data.
IT-specific concerns such as malware, firewalls, and virus scans are still part of the overall cyber security strategy. However, mitigating cyber…
Compliance will motivate firms to update their current processes and methodology to assess cyber risks and the related potential business effects.
Mitigating cyber risks requires CFOs to look far beyond technical considerations.