SecurityWeek

According to a preliminary report from the Credit Union National Association (CUNA), credit unions across the nation have so far incurred nearly $30 million in costs as a result of the massive data breach that hit Target Corp. between late November and mid-December.

High-end department store Neiman Marcus said that between July 16 and October 30, 2013, hackers using sneaky point-of-sale malware were able to obtain details of roughly 1,100,000 customer payment cards.

According to a new report released by the World Economic Forum, failure to improve cyber security on a global scale could cost the world economy trillions of dollars in economic value and lead to more frequent cyber attacks.

Facebook has paid a researcher $33,500 for finding and reporting a critical remote execution bug.

BUCHAREST - A man suspected of breaking into the email accounts of Romanian and US celebrities, including the Bush family, under the nickname "Guccifer" has been arrested in Romania with US help.

Authorities recently announced the indictment of 13 people for participating in a $2.1 million card-skimming scam that targeted gas stations throughout the United States.

HONG KONG - Chinese computer giant Lenovo will buy IBM's low-end server business for $2.3 billion, it said Thursday, giving it a platform to compete in that sector with US giants Dell and Hewlett-Packard.

GAZA CITY - A Twitter account of Hamas's armed wing has been suspended by administrators, the Palestinian Islamist movement said Thursday, accusing the social media site of censorship.

Slovenia Frees Hacker Despite US Extradition OrderLJUBLJANA  - A Slovenian higher court on Wednesday rejected an United States extradition request and released a Romanian citizen charged with hacking into NASA computers in 2006.

WASHINGTON - Verizon on Wednesday became the first major US telecom carrier to release a "transparency report," and said it received 320,000 data queries last year in the United States alone.

Security researchers at Intego shined a light on a piece of Mac malware with some new tricks up its sleeve.

Splunk, a San Francisco, California-based provider of software that helps organizations gather and make use of machine data from a diverse set of sources, today announced a new version of the Splunk App for Enterprise Security.

BERLIN - Germany's cyber crime watchdog said Wednesday it learnt last month of the mass theft of 16 million digital identities through a criminal probe but needed weeks before alerting the public.

DAVOS - Hi-tech bosses on Wednesday demanded authorities change their murky ways in the wake of revelations of a vast snooping campaign by the US and other governments that has raised concerns on privacy.

Virtualization giant VMware announced on Wednesday that it has agreed to acquire privately held AirWatch, a provider of enterprise mobile management and security solutions, for $1.175 billion in cash and roughly $365 million of installment payments and assumed unvested equity.

It’s that time of the year again. Time not only to make resolutions (which I fully plan to keep for at least a whole month), but also some predictions on what the future holds for security. One thing is for certain, the threats that companies face will continue to accelerate.

SEOUL - South Korean regulators Wednesday vowed tougher penalties for financial firms and executives who fail to protect customer data, following the unprecedented theft of information from at least 20 million people.

BEIJING - China's Internet suffered a massive breakdown as traffic was routed to an overseas site linked to the banned religious group Falun Gong -- a fiasco a cyber-monitoring group Wednesday blamed on the country's own censors.