In early 2013, Microsoft told XP users: "If your organization has not started the migration to a modern desktop, you are late." More than a year later, the tone has shifted from bold declarations to nagging reminders.
MasterCard announced on Tuesday that it has partnered with Syniverse, a mobile technology company, to develop an opt-in pilot which allows users to make a credit card transaction only when they have their mobile device in the same geographic location. In essence, if the phone is near the place where the card is used, then the transaction is approved.
Distributed Denial of Service (DDoS) has long been common, but there's evidence that these types of attacks are on the rise, posing yet another threat to retailer systems.
With the latest attacks at some of the nation's largest retailers, the pressure's on for all businesses to demonstrate they're doing whatever it takes to keep their customers' confidential information safe and out of the hands of the bad guys. With headlines changing every day on what actually happened and how, many are unsure of where to begin making changes to protect their own businesses.
The truth is, many of the greatest protective measures to secure confidential information are also the most simple. While attacks have incrementally gained in sophistication, they often aren't immune to being detected and stopped before the damage has been done.
The U.K.-based John Lewis Partnership has joined a growing list of retailers to launch technology incubators. The retailer announced JLAB, a partnership to identify and develop technology innovations that will provide the retailer with future strategic advantages with customers' needs at the core of each idea.
Devices that support biometric payments are on the rise — Apple's iOS and now Samsung's Galaxy S5 promise to read finger prints — but ubiquitous acceptance could be a long ways off.
Walmart is picking up steam in its quest to conquer grocery delivery service. The retailer on Wednesday announced that it has purchased Yumprint, a company that publishes a network of recipes for food blogs, and will incorporate the technology into Walmart To Go.
Bitcoin's future is in doubt. On Tuesday, bitcoin exchange Mt. Gox disappeared and took roughly $300 million in alternative currency with it. Mt. Gox is the world's largest bitcoin exchange and its closure triggered a massive sell-off on the remaining exchanges. The future of bitcoin is now in doubt when, just last week, the currency was beginning to get more widespread acceptance among mainstream retailers.
Target launched its Accelerator program in India Tuesday, as the retailer steps up efforts to build new technology solutions.
Visa and Mastercard are backing host card emulation (HCE), making it possible for credit card companies to bypass barriers to providing cloud-based mobile payments.
Hackers set off roughly 60,000 alerts in Neiman Marcus' security system, alerts that were ignored, during an attack that compromised customer account information during a four month period in 2013.
Amazon announced that shoppers in the U.S., U.K. and Germany can now buy, spend and earn Amazon Coins on their Android phones and tablets. Previously, Coins were available for use exclusively on Kindle Fire tablets.
Online retailer eBay has agreed to acquire PhiSix Fashion Labs, a San Francisco-based computer graphics company with virtual dressing room technology.
A new app helps companies with data breach notification compliance. The free app was developed by the law firm Fox Rothschild to help retailers better understand the myriad state laws, federal statutes and additional resources.
Breach notification compliance is challenging "because we don't have a national standard or a federal statute on data breach notification, but we have literally 46 different state [laws]," said Scott Vernick, a partner at the law firm, in an interview with Information Security Media Group. "We just thought that we would try to create something that would be useful to privacy professionals and in-house counsel who are trying to respond to breaches by putting information at their fingertips."
Google has snapped up SlickLogin, an Israeli security start-up that created new sound authentication technology to replace online passwords.
A new Verizon report has found that many businesses, following their annual assessment for meeting the Payment Card Industry Data Security Standard, fail to maintain ongoing compliance -- putting the businesses at an increased risk for data breaches and the subsequent financial repercussions and damages to reputations.
The Retail Industry Leaders Association (RILA) announced the latest in a string of partnerships to enhance cybersecurity in the wake of data breaches at several retailers including Target, Neiman Marcus and Michaels Stores.
The new partnership with the National Cyber-Forensics and Training Alliance (NCFTA) is positioned to enhance cybersecurity information sharing and expand retailers' proactive and vigilant approach to cyber threats to protect consumers against criminals. Partnering with the NCFTA is one of several approaches RILA is taking to enhance collaboration across the entire payments system. Last week, RILA announced it is joining forces with the Financial Services Roundtable to lead a partnership between the merchant and financial services industries.