Data Security

Rite Aid Suffers Cybersecurity Breach, Millions of Customers' Data Exposed
July 16, 2024 at 5:40 pm

Rite Aid announced this week it suffered a cybersecurity breach on June 6 and roughly 2 million customers' information was stolen in the hack, reports Newsweek. The drug store chain said the hacker impersonated a company employee to access customer information from 2017 and 2018. This data included purchaser name, address, date of birth, and…

What Retailers Should Look for in Their PSPs With the Rise of Quantum Computing
July 9, 2024 at 8:15 pm

Quantum computers are perceived by the public as sophisticated computers designed to solve complex problems more rapidly than conventional computers. It’s thought that these types of computers can only be found in a handful of IT companies outside of universities. However, variations have been developed in the last year to two years. There are now…

PCI DSS 4.0 Compliance is Just One Reason to Rethink Your Segmentation Tech
July 1, 2024 at 10:26 am

For e-commerce organizations, protecting payment card data is a top priority. So is maintaining compliance with the PCI Data Security Standard (PCI DSS). With the arrival of PCI DSS 4.0, it’s critical to review your audit readiness, including a thorough assessment of your cardholder data environment (CDE). Segmenting your infrastructure to reduce your auditable footprint…

The Retailer's Playbook for Countering Account Takeover Fraud
June 27, 2024 at 10:33 am

Account takeover (ATO) fraud costs businesses and consumers billions. ATOs happen when an unauthorized party accesses an online account. This type of fraud has victimized nearly 30 percent of Americans and caused $13 billion in financial losses in 2023 alone. The damage extends beyond money to reputation and consumer trust. The ATO threat is growing.…

The Hottest Trend in Retail: Password Theft
June 26, 2024 at 2:05 pm

Retail shrinkage accounts for $94.5 billion in losses annually for the U.S. retail industry. However, it's not the only theft the sector needs to worry about. The 2024 Verizon DBIR found that credentials are the most frequently breached data in the retail industry. Cybercriminals continue to focus on stealing credentials due to the ease of obtaining them and because password…

Neiman Marcus Suffers Data Breach Affecting 64,000 Customers
June 25, 2024 at 7:37 pm

High-end department store Neiman Marcus on Monday disclosed a data breach, shortly before a hacker offered to sell information belonging to millions of the company’s customers, reports SecurityWeek. The company told the Maine Attorney General’s Office that the breach has impacted more than 64,000 individuals. Shortly after Neiman Marcus disclosed the breach, a hacker who…

What to Expect in the Aftermath of Ticketmaster’s Data Breach
June 5, 2024 at 12:12 pm

If the ShinyHunter’s breach is confirmed and Ticketmaster’s data is ultimately distributed, online fraud attacks will almost certainly increase. For consumers, the feeling you experience when learning your personal data was stolen during a data breach is often just the start. Data breaches more often than not lead to additional fraud. Depending on the type…

With Consumers Wary of Sharing Data, How Can Retailers Connect?
May 27, 2024 at 5:59 pm

First-party data is increasingly necessary for retailers to offer customers the kinds of personalized experiences they expect. Seventy-one percent of consumers say they expect personalized interactions with companies, according to McKinsey, but consumers are also increasingly wary of sharing their personal data with companies. One recent consumer survey found that only 10 percent fully trust…

Missed the PCI DSS 4.0 Deadline? Here Are 3 Things You Should Do Today
May 6, 2024 at 8:11 am

The transition to PCI DSS 4.0 is a substantial advancement in payment security standards and reflects a shift towards a more flexible and scalable approach to compliance. It will help organizations accommodate the diverse needs within the payments ecosystem. But perhaps your organization has struggled to find the best ways to meet these new requirements.…

The Top 4 Web Privacy Challenges for Retailers
May 2, 2024 at 11:59 am

With the widespread use of web trackers like TikTok, the Meta pixel, and web monitoring tools capturing session data, protecting customer data and ensuring compliance has never been more crucial. Additionally, rapidly evolving state and federal privacy laws have made web privacy compliance quite complicated. This article explores the top four web privacy challenges facing…