Data Management

New York -- Target Corp. has agreed to pay $10 million in a proposed settlement of a class-action suit related to the company’s 2013 data breach, according to court documents filed Wednesday. The retailer confirmed the news in a CBS News report.

“We are pleased to see the process moving forward and look forward to its resolution," Target spokesperson Molly Snyder told CBS News late Wednesday.
   

Target Corp. has agreed to pay $10 million in a proposed settlement of a class-action suit related to the company’s 2013 data breach, according to court documents filed Wednesday.

Washington, D.C. -- The National Retail Federation on Wednesday presented Congress with what it termed “practical, commonsense and achievable solutions” to better protect consumers and help businesses prevent cyberattacks and data breaches, including passage of a uniform nationwide breach notification law applying to all entities that handle sensitive customer information.

Seattle – Amazon.com is moving forward in the burgeoning arena of the Internet of Things (IoT), but isn’t making a big deal about it. According to multiple media reports, Amazon has purchased 2lemetry, a Denver-based IoT startup, for an undisclosed sum.

2lemetry provides an enterprise platform that can track and manage Web-connected IoT devices, such as autos and appliances. The company was founded in 2011 and has raised $9 million in venture capital funding since that time.
 

Following a recent series of data breaches targeting both large and medium sized retailers, many retailers are investing in technology that will help encrypt credit card data at the point of sale. Although a meaningful way to reduce risk, endpoint encryption is not the silver bullet solution hoped for by many retailers.

New York -- U.S. consumers want a more personalized retail experience but are conflicted about disclosing the type of personal information that goes along with it, according to a survey from Accenture. Nearly 60% of consumers want real-time promotions and offers, yet only 20% want retailers to know their current location and only 14% want to share their browsing history.

Hangzhou, China - Aliyun, Alibaba’s cloud computing business, is opening its first overseas data center, in California’s Silicon Valley, in what seems to be a competitive move into the space currently dominated by Amazon Web Services. The center will initially target Chinese enterprises based in the United States with the plan to gradually expand its products and services to international clients in the second half of this year.

Portland, Ore. -- Only 18% of retail IT security professionals expressed concerned that point of sale devices were being targeted by cyber criminals, and only 20% were “confident” that point of sale devices were securely configured, according to a study by Tripwire examining the impact of emerging enterprise security threats connected with the Internet of Things (IoT) in the retail industry.

Palo Alto, Calif. - Global information company The NPD Group has partnered with Slice Intelligence to provide comprehensive, retailer-independent e-commerce data available. For the first time, NPD will offer comprehensive, cross-retailer e-commerce data that is directly measured from e-receipts from Slice’s panel of two million consumers.

The data will be classified using NPD’s industry-standard product dictionaries, and validated by NPD’s benchmark databases.

Lawrenceville, N.J. - GS1 US has published a GS1 US National Data Quality Program framework, which outlines the key components to help companies establish and sustain effective data quality programs based on GS1 standards. The framework offers detailed information about the assessment criteria and scoring for the three pillars of data quality: data governance process, education and training protocol, and attribute audit.