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AI in retail and the rise of the purpose-driven consumer

IBM Big Data Hub

That retail has experienced extreme disruption in recent years is beyond questioning. Even before Covid turned the world on its head, headlines about the so-called “retail apocalypse” were near-ubiquitous in the media. Retail isn’t just big, it’s huge — the National Retail Federation expects sales to grow by as much as 13.5%

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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.

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Ransomware Hit ATM Giant Diebold Nixdorf

Krebs on Security

Diebold Nixdorf , a major provider of automatic teller machines (ATMs) and payment technology to banks and retailers, recently suffered a ransomware attack that disrupted some operations. The 35,000-employee company also produces point-of-sale systems and software used by many retailers. ” NOT SO PRO LOCK.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. It has since been confirmed by Anukul Peedkaew, the permanent secretary of social development and human security.

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Lojas Renner, Brazilian largest clothing store chain, was hit by ransomware

Security Affairs

. “ The teams remain mobilized, executing the protection and recovery plan, with all their control and security protocols, and working to re-establish all company operations.” The retailer also reported that its main databases were not impacted. . The retailer also reported that its main databases were not impacted. .

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New Lobshot hVNC malware spreads via Google ads

Security Affairs

Researchers from Elastic Security Labs spotted a new remote access trojan dubbed LOBSHOT was being distributed through Google Ads. While investigating the malware distribution, the researchers noticed the use of an infrastructure known to belong to cybercrime group TA505. ” reads the report published by Elastic Security Labs.

Retail 89
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QakBot Big Game Hunting continues: the operators drop ProLock ransomware for Egregor

Security Affairs

Group-IB, a global threat hunting and intelligence company headquartered in Singapore, has discovered that QakBot (aka Qbot) operators have abandoned ProLock for Egregor ransomware. The biggest ransom demand detected by Group-IB team has been at $4 million worth of BTC. of victims) and Retail (14.5%). ProLock = Egregor.