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Visa has doled out some US$880,000 in fines to a Cincinnati-based acquiring bank that retail chain TJX contracted with to process most of its credit card transactions. Enterprises still seem to have turned a blind eye to the vulnerability that exists when information, in document and spreadsheet form, leaves the company via email and laptops. Social networking giant Facebook has been awarded a hefty US$837m judgment against a Canadian spammer under the US Can-Spam Act. Gov. Arnold Schwarzenegger this week signed legislation into law that will pose harsher penalties for hospital workers who pry into sensitive patient data. The largest merchants operating overseas will have less than two years to secure credit card transactions, Visa announced on Monday. While it is unlikely we will ever abolish cybercrime, I do believe that we can make the internet a safer place. Lawyers for Gary McKinnon, the hacker who broke into Nasa computers, have appealed to the Home Secretary in a bid to stop him being jailed in the US. A federal grand jury in New Orleans has indicted a Brazilian man on charges he operated a botnet that was used to deliver spam. The Information Commissioner has finally got his wish, increased powers totackle data breaches Is ignorance bliss? Not when it comes to data loss. The principal owners of E-Gold, an online money transfer system, have pleaded guilty in federal court to operating a business that caters to cybercriminals.
The Payment Card Industry Data Security Standard presents serious legal challenges and risk for retailers. Insider trading allegations end with slap on wrist. June 30 marks an important date for any company that takes online credit card payments. Neville Isdell said that the breach “…underscores the responsibility we each have to be vigilant in protecting our trade secrets. Information is the lifeblood of the company.” Despite a sluggish US economy, online shopping continues to show impressive revenue gains. Recent Forrester Research data suggests that online shopping will grow 17 percent in 2008, a far cry from what is happening in the brick-and-mortar world. The laws on illegal downloading are due for a much-needed update, so make sure your voice is heard. As the Payment Card Industry's data security regulation begins to bite, Barry Mansfield examines its aims and obligations. Security breaches that affect consumer data should result in gaol terms or fines for those responsible, according to Websense research. Robert Alan Soloway, the so-called "spam king," pleaded guilty on Friday after prosecutors charged him with using botnets to deliver millions of unwanted junk mail messages to victims across the world.