Cisco Systems is warning of a new breed of malware technology, nicknamed PoSeidon, that targets point-of-sale systems. This is bad news for retailers that are still reeling from the many data breaches of recent history, such as those that hit Target, Home Depot, Staples and Supervalu.
Target Corp. has proposed a $10 million settlement of a class action lawsuit regarding the high-profile 2013 data breach that compromised the personal and credit card information of as many as 110 million people, according to court records.
Defending against data breaches requires an integrated data security strategy that is consistently maintained and addresses modern-day realities. Compliance alone is no longer the "gold standard," according to research just released by Vormetric. The "2015 Vormetric Insider Threat Report – Trends and Future Directions in Data Security, Retail Edition" reported that part of that strategy must be focused on trusted insiders, called "privileged users."
It's being called the largest data breach in the healthcare industry, and it provides yet one more cautionary tale for retailers.
President Barack Obama has proposed new legislation that requires companies to notify consumers of a possible data breach within 30 days of its detection. The Personal Data Notification and Protection Act proposes, among other things, that companies must notify customers when their personal information has been exposed, including establishing a 30-day notification requirement from the discovery of a breach, while providing companies with the certainty of a single, national standard.
Despite a 50 percent drop in the number of cyber attacks against U.S. retailers since 2012, new research from IBM finds that the number of records stolen from retailers in cyber attacks remains at near record highs.
The computer hack of Sony internal data and emails has suddenly become, well, terrifying, The group, Guardians of Peace, which took credit for hacking the entertainment giant's internal data – and released a lot of it – in late November now says it is planning an attack on movie theaters that are showing the new movie, "The Interview".
Consumers are suffering from "breach fatigue", since many retailers have been the target of card and data breaches in the last year. While the massive Target breach has been the most publicized, Home Depot, Kmart, SuperValu and a host of other retailers have also been targeted.
Another data breach affecting shoppers' payment cards has been detected, but this time it's not a retailer but mobile payment platform Charge Anywhere.
It's been one year since Target's data breach disrupted the retailer's holiday season, and now a Minnesota District Court has found Target negligent, paving the way for lawsuits as banks and financial institutions potentially seek compensation.