Content about Risk Management

August 15, 2014

Supervalu Inc. has suffered a data breach that may have resulted in theft of customer payment card data.

August 11, 2014

A settlement in a Schnuck Markets, Inc., security breach class-action lawsuit has been reached and a notification program is underway, as approved by the Circuit Court of the City of St. Louis, State of Missouri.

August 7, 2014

Bindo, a retail technology company, is launching a mobile Europay, MasterCard, Visa (EMV)-compliant credit card reader for its cloud-based iPad point-of-sale (POS) system.

August 6, 2014

An organized crime syndicate based in Russia has reportedly obtained 1.2 billion passwords and 500 million email addresses from consumers across the globe.

August 5, 2014

Feedzai, a data science company that uses real-time, machine-based learning to analyze Big Data to prevent fraud, has developed e-commerce apps for the Shopify and Big Commerce platforms.

August 5, 2014

On dates ranging from October 19, 2013 and April 10, 2014, hackers compromised the security of credit card processing systems at 33 locations of the P.F. Chang’s restaurant chain in Florida, Maryland, New Jersey, Pennsylvania, Nevada and North Carolina, and may have stolen consumer credit card data.

July 31, 2014

Almost three-quarters of Americans worry about the quantity of personal information available online and more than half feel they cannot trust social media sites like Facebook and Twitter to keep their contact information, buying habits and political beliefs confidential.

July 28, 2014

The National Retail Federation, Retail Industry Leaders Association, Food Marketing Institute, Merchant Advisory Group, National Association of Convenience Stores, National Grocers Association, and National Restaurant Association are jointly calling for an open and universal tokenization standard in the U.S. payments system.

July 28, 2014

The retail sector has been targeted and damaged by high-profile cyber security incursions, resulting in a loss of customer confidence and a move by retailers to upgrade security measures in the constant battle against criminal hackers.

July 24, 2014

Fifty-four percent of online shoppers feel that they are more conscious of their security online compared to 12 months ago, following a string of high-profile security breaches at various international retailers and brands.

July 24, 2014

Wal-Mart Stores Inc. has lost its bid to keep files regarding an internal probe of possible bribes paid to Mexican officials to aid real estate deals out of the hands of investors.

July 23, 2014

Police arrested six people on charges they were tied to an international ring that defrauded StubHub, the online ticket resale platform operated by Ebay.

July 23, 2014

The U.S. Drug Enforcement Agency is investigating how Safeway Inc. reports and keeps records on the theft and loss of controlled substances.

July 22, 2014

The NRF says the members of the Alliance for Bangladesh Worker Safety have made tremendous progress in the past year, demonstrating their true commitment to safer working conditions in the Bangladesh ready-made garment industry.

July 15, 2014

Data breaches in the state of New York more than tripled between 2006 and 2013, exposing 22.8 million records.

July 10, 2014

In a settlement with the state of New York over a complaint by a New Jersey resident who was asked to cover her breast while nursing in a Nanuet, New York, store, Barnes & Noble has agreed to educate employees about its policies regarding public breast-feeding.

July 10, 2014

Thirty-five percent of consumers would stop shopping at a store where their data was hacked.

July 9, 2014

And the hits just keep on coming. Retailers across the country are falling prey to cyber attacks, with one of the latest announcements coming from Michaels and its subsidiary Aaron Brothers.

July 8, 2014

The U.S. Secret Service has reportedly arrested a Russian national for hacking into consumer credit card data between February 2009 and October 2011.

July 2, 2014

Rite Aid has reportedly settled a consumer protection suit filed by the district attorneys of San Diego, Riverside and Alameda counties for about $500,000.

July 2, 2014

The Securities and Exchange Commission (SEC) is reportedly investigating whether Target Corp. adequately protected its data and informed shareholders about the possible consequences relating to its fall 2013 data breach, according to Bloomberg.

July 2, 2014

Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

June 25, 2014

Researchers at computer security firm Duo Security have discovered a flaw in the two-step method PayPal uses to authenticate account-holders.

June 25, 2014

U.S. retail firms are confident in their ability to detect data breaches. According to a recent survey of 154 retailers by security solutions provider Tripwire, when asked how quickly their organizations would detect a breach, 42% of respondents said it would take 48 hours, 18% said it would take 72 hours, and 11% said it would take a week.

© 2014