TweakTown
Tech content trusted by users in North America and around the world
6,200 Reviews & Articles | 40,015 News Posts

SEC plans to host cybersecurity roundtable next month

U.S. SEC wants to discuss thoughts and learn about the current state of cybersecurity, following the Target breach

| Hacking & Security News | Posted: Feb 17, 2014 12:30 pm

Following recent high-profile security breaches of U.S. retailers, the Securities and Exchange Commission (SEC) plans to host a roundtable discussion next month focused on cybersecurity. As cyber threats become more common place, lawmakers also are concerned a standardized customer notice system isn't in place for retailers to follow.

 

TweakTown image news/3/5/35476_01_sec_plans_to_host_cybersecurity_roundtable_next_month.jpg

 

Retailers and financial institutions argue over which side should be held responsible for fraud activity on customer accounts. There are now trade groups teaming up to try and help work through the issue together, though cyber money crimes contribute to a booming multi-billion-dollar industry.

 

Following the Target and Neiman Marcus breaches specifically, consumers are increasingly frustrated by sometimes lackadaisical security practices. The Obama Administration recently released cybersecurity guidelines for select industries, though didn't make it mandatory to implement any of the ideas.

NEWS SOURCES:Reuters.com

Related Tags

Further Reading: Read and find more Hacking & Security news at our Hacking & Security news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases