Cybercrime Costs Have Doubled in Last Five Years, Report Says
The average annual cost of cybercrime to companies has nearly doubled in the last five years, a new report from a cybersecurity research firm says.
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Immigrant reform advocates want an Arizona judge to block two laws that have been the legal foundation for raids on businesses and the arrest of immigrant workers using stolen or fake IDs to get jobs. Supporters of the laws say ID theft victims can run into many problems as a result, including obtaining loans. more »
WASHINGTON – An executive order signed by President Obama on Friday that mandated the adoption of chip and PIN technology in government cards and enabled its use in facilities like Post Offices is a "meaningless gesture" that smacks of politics over substance. more »
Community Health Systems Inc., a Franklin, Tenn.-based for-profit hospital operator, faces a lawsuit as a result of a large data theft that left patient information of an estimated 4.5 million people at risk. more »
A New York federal judge erred in ruling a collection agency did not violate the Telephone Consumer Protection Act, an appeals court ruled Thursday. more »
Minnesota Attorney General Lori Swanson's office on Wednesday sued Texas-based Apex Merchant Group LLC for using "bait and switch" tactics against small businesses. more »
TD Bank NA, which lost electronic files containing information for as many as 260,000 customers in 2012, agreed to pay $850,000 to settle a multistate probe into the security breach, New York's attorney general said. more »
Aaron's Inc., the nation's second-largest chain of rent-to-own appliance and furniture stores, will pay $28.4 million to settle allegations it installed spy software on rental computers. more »
Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials. more »
The U.S. Court of Appeals for the Fourth Circuit has issued an unpublished opinion in Lynn v. Monarch Recovery Management Inc. that supports a ruling that the agency violated the Telephone Consumer Protection Act. more »
AT&T Mobility LLC will pay $105 million to settle multi-agency charges it illegally billed third-party charges to consumers nationwide, federal authorities announced Wednesday. more »
The order is part of a settlement with the company's owner in an unrelated fraudulent payment processing case. more »
Bloomberg News
"Any FTC policies derived from Operation Choke Point will have a chilling effect on honest and legitimate businesses," wrote Rep. Darrell Issa in a letter co-signed by another lawmaker.
The House Oversight Committee, which earlier this year admonished the Department of Justice over its tactics for combating fraud in the payments system, has turned its focus to the role of the Federal Trade Commission in the ongoing crackdown. more »

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