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data breach

Latest Headlines

Latest Headlines

Target, MasterCard near new settlement of 2013 data breach

Target is hoping to soon close the books on its costly 2013 data breach by negotiating a second settlement with MasterCard, similar to the deal reached with Visa this month.

Target reaches $67M settlement deal with Visa

Target has reached an agreement with Visa that will reimburse card issuers up to $67 million for costs incurred by the retailer's data breach during the 2013 holiday season. The deal covers credit cards and debit cards issued by financial institutions under the Visa brand. It took months of negotiations, and the specific dollar amount of the deal has not yet been disclosed,  The Wall Street Journal  reported. 

Cybersecurity in congressional coma

After failing to pass the Cybersecurity Information Sharing Act prior to its August recess, the U.S. Senate has postponed action on the bill—which some saw as urgent and others thought was being rushed—until September.

Retailers' online photo sites still down after hacking incident

The online photo sites of several retailers, including Costco, Sam's Club and Rite Aid, are still inoperative after being taken down more than a week ago, following a presumed hacking incident. The sites are not expected to return until early August, thus missing much of the summer photo processing season. PNI Digital Media, owned by Staples and used by several retailers to manage photo sites, is investigating the possible data breach. It is not clear whether any customer information has been taken.

Eataly reports possible POS hack

Eataly's retail location in New York City has reported a possible data breach in its POS system. The company's website warns consumers of the potential security incident, urging consumers who purchased items between Jan. 16 and April 2 at the New York City location to immediately check their bank accounts. "Based upon an extensive forensic investigation, it appears that criminals unscrupulously hacked our network system and installed a malware designed to capture payment card transaction data," according to a company statement. An investigation was officially launched after several Eataly employees, who also made purchases at the store, found fraudulent charges on their credit cards,  PYMNTS  reported. The malware has now been removed and security measures are in place.

Target's $19 million breach settlement with MasterCard falls through

The proposed $19 million settlement between Target and MasterCard over losses incurred from the 2013 data breach has fallen through. The deal did not gain enough support from credit card issuers.  

Congress proposes easing data breach reporting laws

Minor cybersecurity data breaches will not have to be disclosed under legislation proposed in both the U.S. House and Senate in recent months.

RadioShack aims to sell customer data, breach privacy policy

Cellphones, batteries and connecting cables aren't the only things up for grabs as RadioShack's going-out-of-business sale winds down. The company also has millions of customer names and emails at its disposable, and, with that information, a sizeable amount of potentially valuable consumer data. 

PoSeidon malware dives deep into POS, Cisco warns

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 proposes $10 million settlement for 2013 data breach

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.