Home Depot's outgoing CEO Frank Blake could have had his legacy erased by the retailer's recent data breach. But instead of passing blame or handing off responsibilities to his successor, Craig Menear, Blake rolled up his sleeves and got to work, according to Fortune.
With every passing week, there is a new reminder that retailers and their systems are under the constant threat of attack. Now Staples is the latest retailer to suffer. The office-supply chain announced it is investigating a possible breach, and that it has contacted law enforcement and informed the public.
Almost half of U.S. shoppers, 45 percent, said they would avoid holiday shopping at stores that were affected by data breaches in the past year, according to a CreditCards.com report. Of the credit and debit card holders surveyed, 29 percent said that they would probably not shop at a retailer where personal information was exposed, while 16 percent said they would definitely no longer shop there.
U.S. President Barack Obama signed an executive order to improve security measures for federal credit cards in an effort to lead the way for banks and retailers. The President also called on Congress to enact his Cybersecurity Legislative Proposal.
Kmart is the latest retailer to report a breach in its payment data systems. The company announced the launch of a full investigation in partnership with a leading IT security firm to learn more details of the malware hack.
The latest retail security breach–hitting grocery retailer and wholesaler Supervalu for the second time this year–targeted its point-of-sale (POS) systems. However, security experts warn that retailers need to be prepared for other types of attacks.
After the massive data breaches that have plagued retailers from Target to Home Depot in recent years, a new study shows that retail is the most compromised industry in terms of data security.
In the wake of Home Depot's recent data breach, fingers are pointing and accusations flying that the retailer had known for years its systems were vulnerable to hackers.
The Home Depot confirmed that its payment data systems have been breached, which could potentially impact customers using cards in its U.S. and Canadian stores. The retailer reports no evidence of the breach affecting customers who shopped in Mexico or online.
Home Depot has confirmed it is investigating some "unusual activity" related to a data breach, making the home improvement retailer the latest potential victim of cyber criminals.