With last week’s news that yet another national retailer experienced a data breach, credit unions continued to hammer home the message that retailers must share the responsibility of costs incurred as a result of losses experienced in such instances.Women’s retailer Bebe Stores Inc., with 200 stores nationwide, confirmed a data breach hit its payments system between Nov. 8 and 26 ( Fortune Dec. 5).The attack may have included illegal access to cardholder data, including account numbers, expiration dates and verification codes.The attack comes a little more than a year after the Target breach, the which was the beginning of a spate of attacks on retailers–and placed a new level of awareness on the need for new data breach standards for merchants.“2014 was definitely a turning point,” Jody Dabrowski, assistant vice president of risk management at $531 million-asset Community Choice CU in Farmington Hills, Mich., told Click on Detroit (Dec. 4.) continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Lockheed Martin Ventures is making a strategic investment in Ocean Aero, the developer of the Submaran unmanned maritime vehicle.This is Lockheed Martin Ventures’ third investment this year, and it should create opportunities for both companies to grow their maritime capabilities, with a focus on multi-domain Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR). TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Hurricane Energy.The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Lancaster Early Production System (EPS) project. Subsea World News has put together a recap of the most interesting articles from the previous week (September 18 – September 24). The Black Sea Maritime Archaeology Project (Black Sea MAP), led by the University of Southampton, and the largest maritime archaeology expedition ever undertaken, has discovered 60 shipwrecks.The project has during September continued to survey the Black Sea seafloor off the Bulgarian coast. Multi-disciplined design, engineering and manufacturing company Balmoral has taken a substantial stake in ACE Winches by investing £10 million in the Turriff-based company.The investment should strengthen and grow ACE Winches’ position as mooring, lifting, pulling and deploying solutions provider. Aberdeen-based ROV services provider M2 Subsea has unveiled its recently commissioned purpose-built test tank at the company’s base in Westhill.The indoor fresh water tank, which can hold 73,600 litres of water, has been created for the primary purpose of testing ROVs and ancillary equipment. The facility should allow the company to be in control from the planning to completion of asset testing before they are deployed for both domestic and international projects.