Data Security
October 9, 2015 at 10:35 am
Our credit cards are now secured with computer chips, but the world’s largest retail trade group says consumers are no safer, while businesses are being forced to spend up to $35 billion. Most banks and credit unions are issuing credit cards that require a signature, rather than a PIN, a move that the National Retail Federation says means…
October 5, 2015 at 11:14 am
Tech pureplay retailer Newegg was taken down by hackers last week as part of an extortion attempt. Visitors to the site began to notice problems early last Thursday evening, reporting an inability to access the site via Twitter. Newegg shortly thereafter acknowledged the issues, and staff were able to put up resistance, but problems continued for…
October 1, 2015 at 10:01 am
The past year has brought a multitude of changes in payments, including PCI 3.0 requirements, EMV chip payment cards and the introduction of new mobile payment methods from CurrentC, Google and Samsung. The result is a fragmented capability across retail that's impacting consumers who want simple, flexible and convenient shopping with seamless payment methods. Retailers…
September 30, 2015 at 11:21 am
Oct. 1 represents the deadline for most merchants to accept Europay, MasterCard and Visa (EMV) chip-equipped credit cards at their terminals. Should a merchant only process payments with the familiar magnetic stripe reader, and end up taking a counterfeit card, liability for that transaction falls upon the merchant. At first glance e-commerce pros may see this…
September 28, 2015 at 10:44 am
The Oct. 1 EMV deadline is quickly approaching – yet many retailers are racing to this finish line with uncertainty if they will make it or not. In fact, a recent survey from Strawhecker Group revealed that only 27 percent of U.S. merchants will be EMV ready by the Oct. 1 liability shift. This same…
September 22, 2015 at 10:51 am
As retailers and banks prepare for the Oct. 1 EMV liability shift — which moves fraud liability from issuing banks to merchants — many consumers haven't yet received their new chip-enabled cards, or are simply in the dark about what EMV means, according to a new survey from ACI Worldwide. The new EMV Readiness Survey of…
August 28, 2015 at 11:09 am
The 2014 holiday season generated a whopping $616.1 billion in revenue, with e-commerce accounting for $101.9 billion of the Christmas shopping pie. And 2015 is on track to be even bigger. A recent eMarketer report estimated increases of 3.2 and 14.4 percent for overall and e-commerce purchases respectively, rounding out holiday sales at an anticipated…
August 27, 2015 at 12:02 pm
There are still several weeks of summer fun, but consumers are already fast-forwarding to the winter months and starting their holiday shopping. In fact, several retailers have already started offering holiday deals to beat the November and December rush. For example, Amazon.com launched Prime Day in July, and consumers ordered more than 34.4 million items,…
August 26, 2015 at 11:35 am
The Securities and Exchange Commission (SEC) decided not to penalize Target Corp. for the 2013 cyberattack that led to the exposure of millions of customers’ data, the company said Tuesday. The agency was one of several governmental entities to investigate the retailer in the wake of the attack, one of the largest against a U.S. company. In…
August 20, 2015 at 4:04 pm
Following the flood of recent data breaches, many may be wondering how or why companies are still inadvertently allowing data to be compromised, despite the vast security measures available to them today. The truth is that many blackhats looking to enter a system identify insecure remote access. In fact, the Department of Homeland Security brief…
