Content about Data breach

September 13, 2012
DSW awarded $7.2 million for credit card breach

DSW Inc. said that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.

Columbus, Ohio -- DSW Inc. said Thursday that it has been awarded $7.2 million as a result of litigation with its insurance carrier stemming from its credit card data breach in 2005.

The $7.2 million award represents damages plus accrued interest.

In other news, DSW has declared a special dividend totaling $91 million to be paid on Oct. 26 to shareholders. According to president and CEO Mike MacDonald, the special distribution, which is in addition to the regular dividend, represents “significant cash flow generation.”

March 21, 2012
Data Security Breaches: A New Form of Shoplifting

By Theodore J. Kobus III, Esq., Baker & Hostetler LLP

By Theodore J. Kobus III, Esq., tkobus@bakerlaw.com

August 22, 2011
Focus on: Risk Management
 Mitigating the damage of a security breach

While retailers continue to beef up computer security, hackers continue to find ways to circumvent even the most sophisticated cyber-blockades. And the threat is not only hackers or rogue employees maliciously liberating private information: Data breaches occur when sensitive information is improperly disposed of and tossed in the trash or lost when a laptop or other portable electronic device is mislaid by or stolen from a well-meaning employee. This not only impacts your customers but can damage a company’s reputation and bottom line.


January 13, 2011
NRF and First Data release small business data security survey

An overwhelming majority (86%) of small-business respondents (86%) say that keeping their customer card information secure and feel payment-card data security is important to their business.

New York City -- An overwhelming majority (86%) of small-business respondents (86%) say that keeping their customer card information secure and feel payment-card data security is important to their business. But 60% are unaware of the costs they could incur in the event of a breach. Those are among the results of a research study of data security and fraud-prevention strategies practiced at small- to mid-sized retailers. The study is from the National Retail Federation and First Data Corp.

March 14, 2010
FMI spent $880K lobbying in Q4

The Food Marketing Institute (FMI) spent $880,000 in the fourth quarter to lobby on the...

November 30, 2008
Putting Data Security To the Test

Executives at Staples recently received an e-mail alerting them that consumer credit-card data had...

November 30, 2008
Testing, Testing, Testing

Whether a retailer has directly experienced a data breach or watched the fallout from...

March 31, 2008
Data Breach at Advance Auto Parts

Advance Auto Parts is investigating a network intrusion that compromised data from 14 stores, potentially...

March 17, 2008
Hannaford Reveals Huge Breach

Hannaford Bros. grocery chain announced late Monday it has experienced a security breach that has...

December 18, 2007
TJX, Banks Settle Litigation Over Breach

Boston TJX Cos. and nearly all the banks and bank associations that sued the discount...

June 30, 2007
PCI Complaince: Work Needed

Continuing the effort to bring the safeguarding of customer data to the forefront of retailers’...

April 30, 2007
Privacy and Security—Who Cares?

Alot has been written about the TJX Cos. Inc.’s data breach since it was first...

March 31, 2007
Gain Database Space, Protect Critical Data

Data is the...

March 31, 2007
Thin Solutions for Data Breaches

It is no secret that data thieves are becoming increasingly devious. The recent attack on...

January 31, 2007
Who’s to Blame for a Data Breach?

In spring 2006, Ohio University (OU) discovered that it was the victim of five security...

December 31, 2006
Data-Breach Dilemma

Data breaches have become an unavoidable cost of doing business in the 21st century.All companies—including...