The Retail Cyber Intelligence Sharing Center has launched an intelligence sharing portal under its Retail Information Sharing Analysis Center. The Financial Services Information Sharing and Analysis...
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.
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.
Offering more clarification in the problem of Apple Pay fraud, The New York Times has reported that the problem started with the big banks' rush to participate in the service. This mostly confirms the original source of the report of Apple Pay fraud, Cherian Abraham, mobile commerce and payments lead specialist at Experian Global Consulting, who reported the issue on his Drop Labs blog.
While twice as many companies were validated as compliant during their initial compliance review in 2014 compared to 2013, nearly 80 percent of all businesses fail their interim Payment Card Industry compliance assessment leaving them vulnerable to cyberattacks, according to Verizon's 2015 PCI Compliance Report.
Seeing what is happening to their customers and feeling the heat from possible threats, technology companies are increasing spending on security for their own systems, according to a survey of chief financial officers. Meanwhile, incentives to spend big on security are still in short supply for retailers and other private companies.
A group of high profile companies including retailers, consumer packaged goods manufacturers, ad agencies, media companies and associations, has formed an independent organization to fight fraud in online advertising.
Bloggers are fighting back against reports of Apple Pay fraud, questioning the extent of the fraud, the reliability of the evidence supporting the contention and how clearly it was reported that Apple Pay itself is not responsible.
New guidelines on consumer engagement and data privacy have been issued by the Consumer Goods Forum. The "Consumer Engagement Principles" were developed to promote data privacy and build greater consumer trust.