Content about Data breach

July 10, 2014

Thirty-five percent of consumers would stop shopping at a store where their data was hacked.

Austin, Texas – Thirty-five percent of consumers would stop shopping at a store where their data was hacked. According to a recent survey of almost 2,000 consumers by software consulting firm Software Advice, another 22% would be much less willing to shop there.

June 24, 2014

Data breaches are on the rise: Mounting an attack on retail systems has become increasingly attractive to attackers because malware can be delivered at very low cost, according to Mark Bower, VP product management and solutions, Voltage Security, a Cupertino, California, provider of data-centric encryption and tokenization.

“So it becomes very attractive to attackers to try and steal credit card and personal data they can monetize very quickly,” he added.

June 13, 2014

P.F. Chang's Chain Bistro confirmed Friday that it had been the victim of a data breach in which data was stolen from customers’ credit and debit cards used at its restaurants.

NEW YORK — P.F. Chang's Chain Bistro confirmed Friday that it had been the victim of a data breach in which data was stolen from customers’ credit and debit cards used at its restaurants.

June 12, 2014

P.F. Chang’s China Bistro Inc. is the latest retailer to investigate a possible data breach.

Scottsdale, Ariz. — P.F. Chang’s China Bistro Inc. is the latest retailer to investigate a possible data breach.

The retailer emailed has been contacted by banks and law enforcement agencies about online reports that credit card and debit card numbers matching ones used at P.F. Chang’s locations between March and May 2o14 have appeared for sale on underground hacker websites.

Media reports indicate the U.S. Secret Service is also investigating the potential breach, although the Secret Service has not publicly commented.

 

May 23, 2014

The states of Connecticut, Florida, and Illinois, are jointly investigating a recent data breach at EBay Inc., and the state of New York is asking EBay to offer free credit monitoring for any customer whose data was exposed.

San Jose Calif. – The states of Connecticut, Florida, and Illinois, are jointly investigating a recent data breach at EBay Inc., and the state of New York is asking EBay to offer free credit monitoring for any customer whose data was exposed.

May 7, 2014

Chain Store Age will host a webinar sponsored by Voltage Security on the steps retailers can take to secure their store and online networks against costly data breaches.

New York -- Chain Store Age will host a webinar sponsored by Voltage Security on the steps retailers can take to secure their store and online networks against costly data breaches. Speakers will also discuss key lessons learned from the recent breaches, and the latest developments in data security and retail fraud protection.
   

May 5, 2014

It has been about five months since the Target data breach made the vulnerability of retail POS data a hot topic. Investigation has since shown the Target breach did not involve POS terminals.

It has been about five months since the Target data breach made the vulnerability of retail POS data a hot topic. Investigation has since shown the Target breach did not involve POS terminals. However, high-profile thefts of customer payment card data from Target and other retailers including Neiman Marcus, Michaels and Sally Beauty Supply have highlighted the need for U.S. retailers to adopt the global Europass, MasterCard and Visa (EMV) standard for accepting payments from cards that store consumer information on secure embedded microchips, rather than on magnetic stripes.

May 1, 2014

The recent cyber attacks on Target, Neiman Marcus and Michaels Stores had an immediate and profound impact on sales, as well as a widespread and ongoing ripple effect on consumer confidence in the safety of credit-card information at point-of-sale terminals.

By Jason Fredrickson, Guidance Software

The recent cyber attacks on Target, Neiman Marcus and Michaels Stores had an immediate and profound impact on sales, as well as a widespread and ongoing ripple effect on consumer confidence in the safety of credit-card information at point-of-sale (POS) terminals.

April 29, 2014

Consumers avoid doing business with a breached organization at a high rate.

San Francisco - Consumers avoid doing business with a breached organization at a high rate. According to a new study conducted by Javelin Strategy & Research and commissioned by data management solution provider, Identity Finder, 33% of customers will shop elsewhere if their retailer of choice is breached.

April 23, 2014

Ever since the major retailer breaches last year, outsiders have been pointing fingers at the victim merchants demanding to know how something like this could happen. But cyber risk in the payment card industry is a problem greater than any one company.

By Erin Nealy Cox, Stroz Friedberg

March 18, 2014

Six-in-10 (60%) of those who knew about any data breaches at notable retailers, such as Target and Neiman Marcus, hold the merchant responsible for preventing future incidents of a data breach.

San Mateo, Calif. – Six-in-10 (60%) of those who knew about any data breaches at notable retailers, such as Target and Neiman Marcus, hold the merchant responsible for preventing future incidents of a data breach. The “2014 Consumer Reaction to Financial Data Breaches Study” of more than 2,000 adult U.S. consumers from Feedzai and Harris Interactive also found that 43% think nothing is more aggravating than getting credit/debit card data stolen.

March 14, 2014

Target dropped prices on its monitored assortment by more than 20% during the days leading up to its confirmation of the data breach that compromised the security of 70 million customers’ personal information during the pre-holiday shopping season.

Ottawa, Canada - Target dropped prices on its monitored assortment by more than 20% during the days leading up to its confirmation of the data breach that compromised the security of 70 million customers’ personal information during the pre-holiday shopping season. According to data from 360pi analyzing approximately 830 products across eight categories, including TVs, tablets, digital cameras and more, Target dropped its prices by 18% between Dec. 14 and Dec. 17.

March 13, 2014

Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it.

Minneapolis – Target Corp. reportedly had early notice of the holiday data breach that exposed the personal and financial information of millions of customers but did not act upon it. According to Bloomberg, a $1.6 million security application called FireEye notified Target of a possible intrusion in to its network, but the retailer failed to respond.

March 6, 2014

Sally Beauty Holdings Inc., which sells cosmetics and hair care products both through salons and its own chain of more than 3,000 retail Sally Beauty Supply stores globally, is reporting that it discovered an attempted data breach.

Denton, Texas – Sally Beauty Holdings Inc., which sells cosmetics and hair care products both through salons and its own chain of more than 3,000 retail Sally Beauty Supply stores globally, is reporting that it discovered an attempted data breach.

February 28, 2014

Verizon is reportedly investigating possible data breaches at two unidentified retailers that use its networking technology.

New York – Verizon is reportedly investigating possible data breaches at two unidentified retailers that use its networking technology. According to the New York Times, law enforcement notified the two retailers of the possible cyber attacks, and they then notified Verizon late in the week of Feb. 17.

February 26, 2014

Bryan Sartin, director of Verizon’s RISK Team, will discuss the link between security breaches and automated building management systems at Chain Store Age’s 50th annual SPECS Conference, March 9-12, 2014
Gaylord Texan Hotel Grapevine, Texas.

New York -- Bryan Sartin, director of Verizon’s RISK Team, will discuss the link between security breaches and automated building management systems at Chain Store Age’s 50th annual SPECS Conference, March 9-12, 2014
, at the Gaylord Texan Hotel, Grapevine, Texas.

February 18, 2014

Social fundraising platform Kickstarter.com suffered a data breach that exposed personal data of some users to hackers.

New York – Social fundraising platform Kickstarter.com suffered a data breach that exposed personal data of some users to hackers. On a corporate blog post, Kickstarter CEO Yancey Strickler said that on Wednesday, Feb. 12, law enforcement notified the company that hackers had sought and gained unauthorized access to some of its customers' data.

February 18, 2014

The costs related to Target's data breach have now exceeded $200 million for financial institutions, according to the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported.

New York -- The costs related to Target's  data breach have now exceeded $200 million for financial institutions, according to  the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported. The $200 million figure does not include the cost of any a fraudulent activity, which would push the cost of the breach to the industry higher as consumers are not held liable.

The two trade associations said that 21.8 million of the 40 million compromised credit and debit cards have been replaced.

February 11, 2014

The National Cyber Investigative Joint Task Force, a combined effort of the FBI, Secret Service, intelligence agencies, and the Department of Homeland Security, has released a report stating there is no evidence that recent data breaches in the computer networks of U.S., retailers are a deliberate attack on the U.S., economy.

Washington, D.C. – The National Cyber Investigative Joint Task Force, a combined effort of the FBI, Secret Service, intelligence agencies, and the Department of Homeland Security, has released a report stating there is no evidence that recent data breaches in the computer networks of U.S., retailers are a deliberate attack on the U.S., economy.

February 5, 2014

John Mulligan, executive VP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during Feb. 4 testimony before the Senate Judiciary Committee.

Minneapolis – John Mulligan, executive VP and CFO of Target, said the retailer is deeply sorry for its late 2013 data security breach and is aware that consumer confidence in the company is shaken; his comments came during Feb. 4 testimony before the Senate Judiciary Committee.

According to Reuters, Mulligan also said that Target discovered 25 registers infected with malware on Dec. 18, contradicting an earlier statement from the retailer that all malware had been removed by Dec. 15.

January 30, 2014

Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers.

Minneapolis – Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers. According to the Associated Press, Target did not offer any specific details on who the vendor was or how hackers obtained the credentials.

January 28, 2014

An Illinois consumer has reportedly filed a lawsuit against Michaels Stores in federal court relating to the retailer’s possible recent data security breach.

Irving, Texas – An Illinois consumer has reportedly filed a lawsuit against Michaels Stores in federal court relating to the retailer’s possible recent data security breach. According to Bloomberg, Illinois resident Christina Moyer filed suit in Chicago federal court on Monday, Jan. 27, claiming the retailer broke an implied promise to protect the personal data of her and other consumers.

January 27, 2014

Michaels Stores has learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting that the company may have experienced a data security attack.

Irving, Texas – Michaels Stores has learned of possible fraudulent activity on some U.S. payment cards that had been used at Michaels, suggesting that the company may have experienced a data security attack.

In a statement posted to its website on Jan. 25, Michaels said it is working closely with federal law enforcement and is conducting an investigation with the help of third-party data security experts to establish the facts.

January 24, 2014

The FBI has reportedly issued a confidential report to U.S. retailers warning that more cyber attacks like the ones recently suffered by Target and Neiman Marcus will occur.

Washington, D.C. – The FBI has reportedly issued a confidential report to U.S. retailers warning that more cyber attacks like the ones recently suffered by Target and Neiman Marcus will occur. According to Reuters, the three-page report was distributed Jan. 17 and informs retailers that the FBI has discovered in the past year there have been at least 20 attacks using the same type of malware used against Target.

January 23, 2014

Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million.

Madison, Wis. – Target Corp.’s data security breach has already cost all credit unions between $25 million to $30 million. Those numbers are expected to rise in coming weeks as more of the cooperative financial institutions report their costs and as fraud losses are incurred down the road, according to preliminary results of a survey of credit unions by the Credit Union National Association (CUNA).