President Obama on Monday proposed the first federal standard for data breaches, which would require companies to notify customers within 30 days of the discovery that their personal information was exposed to hackers.
The hacked are itching to hack back.
The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business.
Companies across the globe are on high alert to tighten up network security to avoid being the next company brought to its knees by hackers like those that executed the dramatic cyberattack against Sony Pictures Entertainment.
Twelve months on from its infamous data breach, Target was ruled as negligent by a court this week, which will allow a number of financial institutions to proceed with their class action suit against the retailer.