Content about Risk Management

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.

June 24, 2014

One-in-four global consumers has been victimized by card fraud in the past five years.

June 2, 2014

The vast majority (80%) of consumers aged 20-40 in the U.S. and U.K. believe total privacy in the digital world is a thing of the past, but nearly half (49%) said they would not object to having their buying behavior tracked if it would result in relevant offers from brands and suppliers.

May 29, 2014

Sixty-two percent of U.S. online consumers have done nothing to protect their privacy on the Internet.

May 28, 2014

Abercrombie & Fitch Co. and Abercrombie & Fitch Stores Inc. have offered to pay $96,000 to 13 assistant managers for failing to pay proper overtime wages, in connection with a lawsuit filed in the Eastern District of New York.

May 23, 2014

The states of Connecticut, Florida, and Illinois, are jointly investigating a recent data breach at EBay Inc., and the state of New York is asking EBay to offer free credit monitoring for any customer whose data was exposed.

May 21, 2014

EBay Inc. is asking EBay users to change their passwords because of a cyberattack that compromised a database containing encrypted passwords and other non-financial data.

May 19, 2014

The recent cyber attacks on Target, Neiman Marcus and Michaels Stores had an immediate and profound impact on sales, as well as a widespread and ongoing ripple effect on consumer confidence in the safety of credit-card information at point-of-sale terminals.

May 19, 2014

The vast majority of Target customers intend to continue spending the same amount of money or more there in the next year as they did before the December 2013 data breach.

May 15, 2014

The Retail Industry Leaders Association (RILA), along with several retail brands, has launched the Retail Cyber Intelligence Sharing Center (R-CISC), the centerpiece of which is a Retail Information Sharing and Analysis Center (Retail-ISAC).

May 14, 2014

General economic conditions, federal, state and/or local regulations, and retail competition/consolidation ranked as the top three risk factors cited by retailers, according to a survey by BDO USA.

© 2014