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Security AI and automation are key in protecting against costly data breaches for retailers and consumer goods businesses

IBM Big Data Hub

The rise of online commerce over the last two decades has completely transformed the retail and consumer goods industries—and with smartphone adoption accelerating globally, the share of shopping done via the internet will only continue to expand. For retail, the average data breach studied cost $2.96

Retail 85
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Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity

Thales Cloud Protection & Licensing

Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.

Retail 83
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The Future of Payments Security

Thales Cloud Protection & Licensing

The Future of Payments Security. The Verizon DBIR 2020 report indicates that financially motivated attacks against retailers have moved away from Point of Sale (POS) devices and controllers, towards web applications. Figure 1: Web application breaches in the Retail industry. Securing digital transactions. Online skimming.

Security 143
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Magecart cybercrime group stole customers’ credit cards from Newegg electronics retailer

Security Affairs

Magecart hackers have stolen customers’ credit card data from the computer hardware and consumer electronics retailer Newegg. The Magecart cybercrime group is back, this time the hackers have stolen customers’ credit card data from the computer hardware and consumer electronics retailer Newegg. ” reported Volexity.

Retail 81
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COVID-19 ‘Breach Bubble’ Waiting to Pop?

Krebs on Security

Global lockdowns from COVID-19 have resulted in far fewer fraudsters willing or able to visit retail stores to use their counterfeit cards, and the decreased demand has severely depressed prices in the underground for purloined card data. Alforov said the median price for card-present data has dropped precipitously over the past few months.

Sales 297
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Ransomware attacks break records in 2023: the number of victims rose by 128%

Security Affairs

The most active group in 2023: LockBit According to the data presented by the Cybernews research team, 66 active ransomware groups were identified and operating within the digital landscape in 2023. This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries.

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Here’s Why Credit Card Fraud is Still a Thing

Krebs on Security

banks took years to replace their customer card stocks with chip-enabled cards, and countless retailers dragged their feet in updating their payment terminals to accept chip-based cards. Not long ago, the price of CNP accounts was less than half that of card-present accounts. Indeed, three years later the U.S.

Sales 326