Data Security
E-commerce has become big business for a rapidly expanding ecosystem of internet retailers. A recent survey found that eight out of 10 Americans consider themselves online shoppers, and most make half of their purchases on the web now. With this growth comes a downside — more opportunity for cyber attacks. As retailers expand their businesses…
The Home Depot is currently investigating how and why a spreadsheet listing about 8,000 customers, along with their transaction data and a range of personal information, was posted for an unknown amount of time on a Home Depot website. No financial data was part of the list, which didn't compare with the 2014 data breach…
Call it optimism or just human nature — retailers, like most people, don’t like to spend a lot of time thinking about unseen threats. A series of painful breaches a few years ago forced the industry to wake up to the dangers of cyber crime and implement new measures to address and control online risks,…
Innovation has exploded in the retail space, with the rise of connected devices and the Internet of Things (IoT) driving major transformations in the way people live and work. With wide scale industry development and demand, the connected retail market is projected to be worth $53.75 billion by 2022. The huge potential for IoT in…
As the Easter sales season wraps up, online merchants are forming strategies to draw consumers to their sites. For e-commerce merchants striving to maintain a competitive edge this spring, intelligence will be a key contributor to their success. "Big data" is a buzzword that's oft mentioned, but merchants which effectively leverage the data generated by…
Hackers are targeting the growing population of third-party sellers on Amazon.com, using stolen credentials to post fake deals and steal cash. In recent weeks, attackers have changed the bank-deposit information on Amazon accounts of active sellers to steal tens of thousands of dollars from each, according to several sellers and advisers. Attackers also have hacked into the…
GameStop said last week that it's investigating a potential security breach on its website involving customer data and credit cards. The hacks reportedly took place between September 2016 and February of this year. The breach could include credit card numbers, expiration dates, names, addresses and three-digit card verification numbers. "GameStop recently received notification from a…
GameStop said last week that it’s investigating a potential security breach on its website involving customer data and credit cards. The hacks reportedly took place between September 2016 and February of this year. The breach could include credit card numbers, expiration dates, names, addresses and three-digit card verification numbers. “GameStop recently received notification from a […]
Neiman Marcus has agreed to pay $1.6 million to settle a data breach class-action lawsuit in Illinois federal court. Court documents show the Dallas-based luxury retailer filed the settlement agreement last week, seeking approval from a federal judge in Chicago where the lawsuit was filed in March 2014. The settlement would cover damages to any…
The personal information of tens of thousands of Saks Fifth Avenue customers has been publicly available in plain text online, BuzzFeed News has learned. Saks’ e-commerce site is maintained by the digital division of its owner, Canada-based Hudson’s Bay Company. Until recently, unencrypted, publicly accessible web pages on the site contained tens of thousands of…