A new Washington state law set to go into effect July 1 will allow banks to recoup certain data breach losses from negligent businesses. Under the new law, passed by the state Legislature in late March, financial institutions can seek reimbursement from large retailers and credit card processors that have suffered a data breach — if they failed to comply with the Payment Card Industry Data Security Standard (PCI DSS). The new law is similar to a Minnesota statute passed in 2007. — AM
Nearly $115 million worth of cryptocurrency have been stolen so far from the HTX digital currency exchange, formerly Huobi, and the Heco Chain blockchain bridge following a cyberattack last week, CNBC reports.
Major U.S. real estate and mortgage title insurance and settlement services provider Fidelity National Financial had its operations disrupted following the shutdown of certain systems as a result of a cybersecurity incident, according to TechCrunch.
Stemming the rising tide of fraud with machine learning and AI
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