Digital Transformation In Retail: The Retail Apocalypse

erwin

Much like the hospitality industry , digital transformation in retail has been a huge driver of change. One important fact is getting lost among all of the talk of “the retail apocalypse” and myriad stories about increasingly empty shopping malls: there’s a lot of money to be made in retail. In fact, the retail market was expected to grow by more than 3 percent in 2018 , unemployment is low, and wages are at least stable.

Hack of Japanese Retailer Exposes 460,000 Customer Accounts

Data Breach Today

Fast Retailing Says Credential Stuffing Suspected Fast Retailing, the parent company of several of Japan's biggest retail clothing chains, is warning customers of an attack that exposed email addresses and partial credit card information of more than 460,000 of the company's customers.

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Retailer Orvis.com Leaked Hundreds of Internal Passwords on Pastebin

Krebs on Security

Orvis , a Vermont-based retailer that specializes in high-end fly fishing equipment and other sporting goods, leaked hundreds of internal passwords on Pastebin.com for several weeks last month, exposing credentials the company used to manage everything from firewalls and routers to administrator accounts and database servers, KrebsOnSecurity has learned. and founded in 1856, privately-held Orvis is the oldest mail-order retailer in the United States.

Retail Cyberattacks Set to Soar 20% in 2019 Holiday Season

Threatpost

A couple of factors this year are making the 2019 holiday shopping season a circus for cybercriminals when it comes to cyberattacks against retail orgs.

Top 6 predictive analytics software benefits for the Retail industry in 2019

OpenText Information Management

The retail industry is extremely competitive with traditional brick-and-mortar retailers under pressure from online services such as Amazon. Predictive analytics offers huge benefits for retailers as it helps them turn Big Data into actionable insight to better understand and connect with their customers. … The post Top 6 predictive analytics software benefits for the Retail industry in 2019 appeared first on OpenText Blogs.

Cybercriminals Target Budding Cannabis Retailers

Dark Reading

Companies in the young, rapidly growing industry are targeted for sensitive information they store and immature security practices

Magecart Hits Macy's: Retailer Discloses Data Breach

Dark Reading

The retail giant discovered malicious code designed to capture customer data planted on its payment page

ThreatList: Most Retail Hardware Bug Bounty Flaws Are Critical

Threatpost

Overall, across all retail programs, more than 18 percent of all bug bounty submissions are critical in severity, a new Bugcrowd report found. IoT Mobile Security Most Recent ThreatLists bug bounty Bugcrowd Bugcrowd’s 2019 State of Retail Cybersecurity report point of sale retail Retail Security

Retail in 2019 needs security precautions

Thales Cloud Protection & Licensing

As the retail industry follows suit with today’s digital transformation, customer expectations are at an all-time high. Retailers are looking to address these demands with interconnected experiences to give customers more personalized and immediate experiences both in-stores and online. They might at first glance, but retailers are now exposing themselves to a whole host of security risks as these connected shopping technologies evolve.

8 Holiday Security Tips for Retailers

Dark Reading

Here's how retailers can protect their businesses from attackers and scammers hoping to wreak havoc during the most wonderful time of the year

Chilean-based retail giant Cencosud hit by Egregor Ransomware

Security Affairs

Chilean-based retail giant Cencosud has suffered a ransomware attack that impacted operations at its stores, Egregor ransomware appears to be involved. BleepingComputer was the first to confirm that the retail giant was hit by Egregor ransomware after it obtained the ransom note.

Holiday Shoppers Beware: 100K Malicious Sites Found Posing as Well-Known Retailers

Threatpost

Web Security copycat sites Fraud holiday shopping Let's Encrypt Phishing retail tls valid certificatesThe copycat sites are using valid certificates to be more convincing.

Retailers increase cyber security spending, but attacks continue to rise

IT Governance

The UK’s biggest retailers are spending more than ever on cyber security but are continuing to see an alarming rise in cyber attacks and data breaches due to the ever-evolving threat landscape, a report has found. According to The British Retail Consortium’s 2019 Retail Crime Survey , large organisations invested £162 million in cyber defences in the 2017­–18 financial year, an increase of 17% on 2017. Are retailers investing wisely? Retail

New Malware Campaign Targets Financials, Retailers

Dark Reading

The attack uses a legitimate remote access system as well as several families of malware

As Retailers Prepare for the Holiday Season, So Do Cybercriminals

Dark Reading

Online shoppers need to be wary about domain spoofing, fraudulent giveaways, and other scams, ZeroFOX study shows

DPIAs for retail and hospitality 

IT Governance

It’s relevant for everyone, including retail and hospitality. Retail and hospitality organisations will likely need to conduct several to cover all their processes, both new and existing. Common activities for retail and hospitality requiring DPIAs. To give an idea of what activities may require a DPIA in real terms for the retail and hospitality sectors, here is a non-exhaustive list: CCTV.

Winning in retail with IBM Watson Knowledge Catalog

IBM Big Data Hub

From reading the news headlines of yet another retail chain closing its stores, one can easily be left with the impression that we’re in a retail apocalypse. But in reality, the overall retail industry is very strong and healthy — especially online

Data monetization: driving the new competitive edge in retail

CGI

Data monetization: driving the new competitive edge in retail. Retailers are fully aware that their future relies largely on their ability to use data efficiently. Data has become an essential resource and a key element in the growth strategy of large retail organizations.

7 reasons why retail mobile technology is growing in 2019

Jamf on Retail

According to a recent study Jamf commissioned, here are 7 reasons why retail mobile technology is growing in 2019. A powerful Mobile Device Management (MDM) system is key to keeping it all running smoothly

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Jamf Now hits Apple Retail Stores

Jamf

The Jamf Now Getting Started Kit is now available in Apple Retail Stores — making Jamf Now the only mobile device management (MDM) solution sold through Apple Retail. Get the full details

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Online Retailer LightInTheBox exposes unsecured DB containing 1.3TB of web server logs

Security Affairs

LightInTheBox is a Chinese online retailer trading on the New York Stock Exchange, most of its customers are in North America and Europe. vpnMentor researchers pointed out that the security measures implemented by the retailer were insufficient.

Retailers are tracking where you shop -- and where you sleep

Information Management Resources

Retailers are following the trail of electronic bread crumbs left by millions of customers. Customer data Retailers Retail industry Consumer goods industryAnd it’s helping them at a time when the industry is suffering.

Cyberattacks on Retailers Could Increase 20% this Holiday Season

Dark Reading

Commodity malware and ransomware continue to be the biggest threats, says VMWare Carbon Black

Retailers Face Many Challenges, Data Security Doesn’t Have to be One of the Them

Thales Cloud Protection & Licensing

Retailers and shoppers are leveraging and enjoying many benefits data sharing brings: loyalty programs, personalized experiences, easier product location and ordering, online shopping, mobile access and the list goes on. Competition is one of many challenges retailers face and while that’s nothing new, the data-driven approach online and brick-and-mortar merchants use today is evolving quickly with transformative technology capabilities. Business is booming and data is flowing.

Target Sues Insurer Over 2013 Data Breach Costs

Data Breach Today

Lawsuit Claims Insurer Owes Retailer for Coverage of Card Replacement Costs Target has filed a lawsuit against its long-time insurer, ACE American Insurance Co., in an attempt to recoup money it spent to replace payment cards as part of settlements over the retailer's massive 2013 data breach.

Retail Banks’ Lofty Goals and Where to Start

InfoGoTo

Retail banks in the United States face a whole host of challenges including customer confidence, regulatory compliance, attracting new customers, cybersecurity, utilizing big data and mastering social media, to name a few. Given these challenges, it’s not so surprising that retail banks would align their priorities with these challenges. According to an article by The Financial Brand , retail banks’ top priorities include: using big data, AI and advanced analytics.

The impact of 5G on retail is all about automation and data insights

Information Management Resources

5G will speed up the transformation of the retail sector by delivering technology building blocks for frictionless end-to-end experiences. Data strategy Networks Data management

Mozilla, Internet Society and Others Pressure Retailers to Demand Secure IoT Products

Dark Reading

New initiative offers five principles for greater IoT security

Retail has a multi-cloud problem…with sensitive data

Thales Cloud Protection & Licensing

Digital transformation (DX) is fundamentally impacting all aspects of the economy across every industry, and nowhere is this truer than in retail. DX technologies such as cloud, mobile payments, IoT, Big Data and others have fundamentally changed retailers’ business models, not only by opening new channels to reach customers, but also in how they communicate with, serve, and support them. For more key findings, download the 2019 Thales Data Threat Report- Retail Edition.

List of data breaches and cyber attacks in November 2019 – 1.34 billion records breached

IT Governance

US-based retailer Orvis.com leaked hundreds of internal passwords (>200). The post List of data breaches and cyber attacks in November 2019 – 1.34 It was a big month for data breaches this month, with a confirmed 1,341,147,383 records being exposed in 87 incidents.

Pairing Privacy and Security with Digital Identities in Retail

Threatpost

Omnichannel views of customers are a competitive edge -- but they have to be appropriately implemented. InfoSec Insider Privacy Web Security amazon consolidated view customer experience digital identities eve maler forgerock infosec insiders omnichannel online shopping Security

4 Crucial Tips for Maintaining a Web Application Firewall for Retail

Daymark

Retailers are under intense competition to deliver personal, seamless and differentiated on-line shopping experiences to ensure customer loyalty and drive growth. And while a retailer’s website must be extremely responsive and meet high user expectations, it must also be highly secure. Here are 4 crucial tips for retailers who have implemented a WAF.

Data: E-Retail Hacks More Lucrative Than Ever

Krebs on Security

Traditionally, the average price for card data nabbed from online retailers — referred to in the underground as “ CVVs ” — has ranged somewhere between $2 and $8 per account. In contrast, the value of “ dumps ” — hacker slang for card data swiped from compromised retail stores, hotels and restaurants with the help of malware installed on point-of-sale systems — has long hovered around $15-$20 per card.

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Top 3 Black Friday 2019 scams to avoid

IT Governance

Besides the traumatic experience for some retail employees and those injured in shop-floor brawls, Black Friday is also a time in which many of us are caught out by scams, with cyber criminals taking advantage of customers desperate for a bargain.

CGI Client Global Insights: A look at top retail banking trends and priorities

CGI

CGI Client Global Insights: A look at top retail banking trends and priorities. We summarize the findings and insights from these discussions in the CGI Client Global Insights retail banking report.

Catches of the month: Phishing scams for December 2019

IT Governance

It identified a 100% increase in financial losses between May 2018 and June 2019. See also: Phishing scams for November 2019. Phishing scams for October 2019. Phishing scams for September 2019. Want to stay up to date on phishing scams ?

The race for corporate banks to catch up with their retail peers

CGI

The race for corporate banks to catch up with their retail peers. Corporate and transaction banks (CTBs) face the challenge of delivering services equivalent to those offered by their retail bank peers. Over the last few years, there has been a big drive to digitize the retail bank; and, of course, across Europe, all banks have had to make their data available to third parties that offer bank consumer services in response to PSD2 and open banking.

One of America’s largest retail banks re-signs with TAB to upgrade to FusionRMS v10

TAB OnRecord

TAB is pleased to announce that a large American retail bank with over 2 million paper records has upgraded from TAB FusionRMS v9.3 The post One of America’s largest retail banks re-signs with TAB to upgrade to FusionRMS v10 appeared first on TAB Records Management Blog | TAB OnRecord. to v10. The bank has been using FusionRMS to track several databases of servicing and custodial records throughout the organization.

Over 23 million stolen payment card data traded on the Dark Web in H1 2019

Security Affairs

According to a report published by cyber security firm Sixgill data for over 23 million payment card were on offer in underground forums in the first half of 2019. . The following graph shows that three trading posts accounted for 64 percent of the cards on offer during the first half of 2019. . It was used more than 425,000 times in the first half of 2019. Retail workers and restaurant employees use devices to copy the swipes when they take a card for payment.

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2019 end-of-year review part 2: July to December

IT Governance

Welcome to the second part of our round-up of 2019’s information security stories. You can find more of July’s incidents in our list of data breaches and cyber attacks in July 2019. The 2019 study found that the average total cost of a data breach was $3.92