Obama calls for greater credit card security in light of data breaches. President Obama on Friday directed the federal government to help improve the security of U.S. financial systems and fight identity theft following the string of retail hacks. "As part of the effort, known as the BuySecure Initiative, to improve the nation's financial security standards, Obama said he will sign an executive order will require, starting next year, that all payment cards and terminals issued by the federal government to use chip-and-pin technology -- widely acknowledged to be more secure than the magnetic strip used on all American credit cards," the Switch's Hayley Tsukayama reports.
The biometrics revolution is already here — and you may not be ready for it. From Apple devices to facial recognition databases, biometrics are now mainstream -- but consumers may be ill-prepared to handle the privacy implications, the Switch reports. "Experts worry that consumers aren't fully aware of the potential pitfalls of using a personal feature for verification purposes."
Meet ’5G,’ the next-gen technology that will bring you mobile data on steroids. "Many wireless carriers are still rolling out their 4G LTE networks," reports the Switch's Brian Fung. "But federal regulators are already turning their eye toward next-gen technologies that will allow incredibly fast mobile data. " That next-gen is 5G.
Stop worrying about mastermind hackers. Start worrying about the IT guy. Andrea Peterson and Craig Timberg report on how human error can lead to major data exposure, specifically when it comes to the misconfiguration of servers using popular Oracle software suites.