Loss Prevention & Security: Page 10
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First-ever Neiman Marcus CISO departs
In 2014, the company became one of the first retailers to hire a chief information security officer, just months after a high-profile data breach.
By Dan O'Shea • July 13, 2017 -
NRF: Inventory shrink cost the industry $48.9B in 2016
Losses from shoplifters and employee theft are rising as retailers scale back security investments.
By Daphne Howland • June 26, 2017 -
Juniper: Retailers headed for $71B in e-commerce fraud losses
Numerous factors, including the growing popularity of click-and-collect programs, will expand retailers' card-not-present fraud losses over the next five years, according to the research firm.
By Dan O'Shea • June 22, 2017 -
Hubba launches group discussion forums for retailers, brands
Small merchants can trade learnings and share advice through new Hubba Group discussion forums on a variety of retail topics.
By Dan O'Shea • June 20, 2017 -
The Buckle latest retailer to suffer POS malware attack
The specialty apparel retailer, which suffered a 6-month-long attack, said malicious code had been removed and sensitive customer information was not compromised.
By Dan O'Shea • June 19, 2017 -
Report: E-commerce fraud declining overall, but not for department stores
Overall e-commerce fraud decreased almost 35% from the start of 2016 to the beginning of 2017 across several industries, thanks in part to machine learning.
By Dan O'Shea • June 1, 2017 -
Kmart hit by another malware attack
KrebsonSecurity reported that some Kmart stores suffered security breaches of their payment card processing systems, though the retailer insisted that no personal details were compromised.
By Dan O'Shea • June 1, 2017 -
Target to pay $18.5M settlement for 2013 data breach
The retailer is closer to putting its massive holiday season snafu behind it, but it's still awaiting court approval to settle a consumer class action lawsuit.
By Dan O'Shea • May 23, 2017 -
Apple, Visa sued for alleged patent infringement over Apple Pay
Tech company Universal Secure Registry has filed a lawsuit claiming that Apple Pay infringes on four of its patents.
By Dan O'Shea • May 22, 2017 -
Brooks Brothers suffers 11-month data breach
The retailer said some customer card information was collected by malicious software that had been installed on its payment processing systems.
By Dan O'Shea • May 14, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples names first chief information security officer
The office supplies retailer is continuing to bolster its technology department, which also recently added a chief technology officer position for the first time.
By Dan O'Shea • May 9, 2017 -
Survey: Consumers want more biometric payment options
Nearly 80% of those surveyed said they want more biometric authentication methods beyond fingerprint authentication to access mobile banking or payment apps, EyeVerify found.
By Dan O'Shea • May 7, 2017 -
Anti-fraud tech firm Signifyd raises $56M in Series C funding
The company received major investments from Bain Capital Ventures, Menlo Ventures and American Express.
By Dan O'Shea • May 4, 2017 -
Report: Gift cards increasingly targeted in latest evolution of security attacks
Criminals are capable of using a variety of methods, including fast, automated bots to crack the serial numbers of gift cards, according to Flashpoint.
By Dan O'Shea • May 3, 2017 -
Bad bots represent 15.6% of e-commerce site traffic, skewing analytics
A Distil Networks report found that 94% of e-commerce sites are hit with bad bots that distort site traffic and prompt security concerns.
By Dan O'Shea • April 27, 2017 -
Survey: Just 29% of retail employees can identify data security best practices
Retail employees scored poorly in many key risk areas, including identifying phishing attempts, safe social media use and incident reporting, according to a report from MediaPro.
By Dan O'Shea • April 25, 2017 -
Mastercard tests biometric, EMV payment authentication
The company said it has conducted multiple tests in South Africa of a payment card equipped with biometric security as an extra layer of consumer protection.
By Dan O'Shea • April 23, 2017 -
UPS taps beacon technology to curb misloaded packages
UPS is rolling out a system of scanners connected to beacons that alert delivery truck loaders when a package has been placed on the wrong truck.
By Dan O'Shea • April 17, 2017 -
Survey: Cross-channel commerce errors costing retailers millions
Product content network 1WorldSync also found that 51% of merchants can’t support mobile commerce, and 80% don’t integrate product information management across web, mobile apps and physical stores.
By Dan O'Shea • April 10, 2017 -
Report: Amazon Marketplace sellers hacked, robbed of thousands in sales
Hacks of dormant third-party seller accounts also have been on the increase: In these cases, non-existent products are offered at steep discounts in an effort to steal payment information from customers who try to buy them.
By Dan O'Shea • April 10, 2017 -
GameStop e-commerce site 'likely' hacked, card data potentially stolen
Customer card numbers, expiration dates, names, addresses and card verification values are among the information potentially compromised between mid-September 2016 and the first week of February.
By Dan O'Shea • April 9, 2017 -
Target taps Avery Dennison for massive RFID project
The retailer is deploying the technology for a variety of inventory management and customer experience needs, with an emphasis on apparel and home products.
By Dan O'Shea • April 3, 2017 -
Mastercard acquires behavioral biometrics security firm NuData to boost IoT protections
NuData’s NuDetect product identifies authentic users from potential fraudsters based on behavioral biometric indicators displayed during their online, mobile app and smartphone interactions.
By Dan O'Shea • March 30, 2017 -
Fotolia
FICO: Compromised debit cards surged 70% in 2016
Compromises of ATMs and merchant devices in the U.S. rose 30%, following a six-fold increase in 2015, and the average duration of a compromise fell from 14 days in 2015 to 11.
By Dan O'Shea • March 29, 2017 -
Distil: Bot attacking websites in effort to steal gift card balances
GiftGhostBots use a rolling list of number combinations to test about 1.7 million gift card account numbers per hour in attempts to gain access to those cards and request balance information.
By Dan O'Shea • March 26, 2017
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