Price Chopper said it will implement the 20/20 cloud-based exception reporting solution from Agilence, according to Progressive Grocer. The exception reporting solution provides store-level insights. The retailer formerly had a retail loss prevention and operations legacy exception platform. "We were looking for a tool that was very easy to use, while being powerful enough to handle our complex reports and queries," said Scott Ziter, director of security." Price Chopper's parent company is The Golub Corp.
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."
Many credit card issuers will not have fully implemented EMV technology by the October deadline, according to PaymentsSource.
It's getting better. Research firm Aite Group reports that 59 percent of all point-of-sale locations in this country will be EMV compatible by the end of 2015, according to a report at Pymnts.com. The payments industry has been concerned about the rate of retail adoption of EMV, but these results signal that merchants are starting to move faster on the new chip card technology, especially larger retailers.
American Express is making plans for life after Costco. Last week, the two companies said they would end the 16-year co-brand and merchant acceptance agreements on March 31, 2016 when they are due to expire.
MasterCard and Visa are adding more firepower in their fight to combat data security abuses. The plans were revealed separately by each company, and coincided with last week's White House Summit on Cybersecurity and Consumer Protection at Stanford University.
Against the backdrop of growing losses to cybersecurity breaches and a technology industry frustrated by the federal government's lack of action on surveillance activities, Apple CEO Tim Cook proved Friday that he was more than a warm-up act for President Obama.
President Barack Obama signed an executive order Friday tasking the National Institute for Standards and Technology to work with the private sector to identify existing voluntary consensus standards and industry best practices and build them into a cybersecurity framework.
The headlines about data breaches and cybersecurity always focus on the big retail chains, but small independent merchants are just as vulnerable, if not more so. At a panel session Feb. 10 at the National Grocers Association's annual convention, retailers and security professionals said independent grocers face special challenges when it comes to data breaches, Supermarket News reported. The session was moderated by Ken Grogan, manager of treasury services, Wakefern Food Corp.
It's being called the largest data breach in the healthcare industry, and it provides yet one more cautionary tale for retailers.