Walmart has issued a store-branded MasterCard that uses chip-and-PIN, or EMV, technology. The retailer announced the new card on its corporate blog, telling shoppers they can expect theirs in the mail within "the next few weeks."
Backoff malware has affected more than 1,000 U.S. businesses, infecting POS systems from Target to Supervalu. The United States Secret Service and Department of Homeland Security has issued a warning that the Backoff POS malware may have infected more systems than previously believed.
Supervalu is the latest retailer to experience a data breach, announcing today that cybercriminals had accessed payment card transactions at some of its stores.
As if retailers needed any reminders that their businesses are vulnerable to security breaches, experts at a recent conference warned that Target and P.F. Chang's are just the tip of the iceberg when it comes to credit card fraud.
Russian hackers have amassed billions of stolen user names, passwords and email addresses. The database is believed to be the single biggest stash of stolen identity information, ever.
Sandwich chain Jimmy John's is the likely victim of the latest retail data breach.
There's a new cyber threat to retailers, Backoff malware that infiltrates retail computer systems through remote desktop applications.
There is a near constant flow of breaking news about cyber crime and data breaches, but one Florida man managed to scam nearly $300,000 from Apple and other retail stores in a decidedly low-tech way. According to a complaint filed with a federal court in Florida, Laverne Parrish Jr. was arrested July 17 and has been detained pending trial. Parrish, 24, successfully overrode payment terminals 42 times in 16 different states and stole more than $300,000 from Apple stores, $7,753 in one transaction.
Collaboration is the key to cyber security. This was the underlying message delivered by Target's security team as the retailer tries to move past the massive data breach of 2013.
Shopper distrust following a series of retail data breaches is high—three in 10 shoppers say they don't trust retailers to protect personal and financial data against cyber criminals.