Loss Prevention & Security: Page 11
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Brooks Brothers suffers 11-month data breach
The retailer said some customer card information was collected by malicious software that had been installed on its payment processing systems.
By Dan O'Shea • May 14, 2017 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples names first chief information security officer
The office supplies retailer is continuing to bolster its technology department, which also recently added a chief technology officer position for the first time.
By Dan O'Shea • May 9, 2017 -
Explore the Trendline➔
Spencer Platt / Staff via Getty ImagesTrendlineThe state of loss prevention in retail
The types of losses attributed to retail theft has become more apparent — as is the need for more in-depth reporting and prevention strategies.
By Retail Dive staff -
Survey: Consumers want more biometric payment options
Nearly 80% of those surveyed said they want more biometric authentication methods beyond fingerprint authentication to access mobile banking or payment apps, EyeVerify found.
By Dan O'Shea • May 7, 2017 -
Anti-fraud tech firm Signifyd raises $56M in Series C funding
The company received major investments from Bain Capital Ventures, Menlo Ventures and American Express.
By Dan O'Shea • May 4, 2017 -
Report: Gift cards increasingly targeted in latest evolution of security attacks
Criminals are capable of using a variety of methods, including fast, automated bots to crack the serial numbers of gift cards, according to Flashpoint.
By Dan O'Shea • May 3, 2017 -
Bad bots represent 15.6% of e-commerce site traffic, skewing analytics
A Distil Networks report found that 94% of e-commerce sites are hit with bad bots that distort site traffic and prompt security concerns.
By Dan O'Shea • April 27, 2017 -
Survey: Just 29% of retail employees can identify data security best practices
Retail employees scored poorly in many key risk areas, including identifying phishing attempts, safe social media use and incident reporting, according to a report from MediaPro.
By Dan O'Shea • April 25, 2017 -
Mastercard tests biometric, EMV payment authentication
The company said it has conducted multiple tests in South Africa of a payment card equipped with biometric security as an extra layer of consumer protection.
By Dan O'Shea • April 23, 2017 -
UPS taps beacon technology to curb misloaded packages
UPS is rolling out a system of scanners connected to beacons that alert delivery truck loaders when a package has been placed on the wrong truck.
By Dan O'Shea • April 17, 2017 -
Survey: Cross-channel commerce errors costing retailers millions
Product content network 1WorldSync also found that 51% of merchants can’t support mobile commerce, and 80% don’t integrate product information management across web, mobile apps and physical stores.
By Dan O'Shea • April 10, 2017 -
Report: Amazon Marketplace sellers hacked, robbed of thousands in sales
Hacks of dormant third-party seller accounts also have been on the increase: In these cases, non-existent products are offered at steep discounts in an effort to steal payment information from customers who try to buy them.
By Dan O'Shea • April 10, 2017 -
GameStop e-commerce site 'likely' hacked, card data potentially stolen
Customer card numbers, expiration dates, names, addresses and card verification values are among the information potentially compromised between mid-September 2016 and the first week of February.
By Dan O'Shea • April 9, 2017 -
Target taps Avery Dennison for massive RFID project
The retailer is deploying the technology for a variety of inventory management and customer experience needs, with an emphasis on apparel and home products.
By Dan O'Shea • April 3, 2017 -
Mastercard acquires behavioral biometrics security firm NuData to boost IoT protections
NuData’s NuDetect product identifies authentic users from potential fraudsters based on behavioral biometric indicators displayed during their online, mobile app and smartphone interactions.
By Dan O'Shea • March 30, 2017 -
FICO: Compromised debit cards surged 70% in 2016
Compromises of ATMs and merchant devices in the U.S. rose 30%, following a six-fold increase in 2015, and the average duration of a compromise fell from 14 days in 2015 to 11.
By Dan O'Shea • March 29, 2017 -
Distil: Bot attacking websites in effort to steal gift card balances
GiftGhostBots use a rolling list of number combinations to test about 1.7 million gift card account numbers per hour in attempts to gain access to those cards and request balance information.
By Dan O'Shea • March 26, 2017 -
Study: 70% of retailers planning IoT investments
By 2021, nearly 80% of retailers will be able to customize in-store experiences by leveraging location technology that tells them when specific customers are in their brick-and-mortar sites.
By Dan O'Shea • March 9, 2017 -
Dollar General tags Checkpoint for EAS deployment in 2,800 stores
The discount retailer is turning to Electronic Article Surveillance technology in an effort to deter shoplifting.
By Dan O'Shea • March 6, 2017 -
Survey: Hacking incidents, security concerns not derailing online spending
Only 4% of consumers have stopped shopping online altogether as a result of cyberattacks and data breaches.
By Dan O'Shea • Feb. 21, 2017 -
Deep Dive
Cybersecurity: What retailers need to know
From the biggest security risks facing the industry to how to defend against them, here are the trends to key in on.
By Jason Ankeny, Corinne Ruff • Feb. 15, 2017 -
Deep Dive
3 trends shaping retail cybersecurity in 2017
Nearly one in three retailers have already suffered revenue losses as a result of a cyberattack — and the worst is still to come. But understanding digital threats can help neutralize them.
By Jason Ankeny • Feb. 13, 2017 -
Deep Dive
Rise of the learning machines: How AI is becoming the newest weapon in the fraud fight
While artificial intelligence is synonymous with customer interaction tools like chatbots and Amazon’s Alexa, it also can wage battle against payment and transaction fraud — both in stores and online.
By Dan O'Shea • Feb. 13, 2017 -
Deep Dive
How cybersecurity vulnerabilities can destroy retailers' reputations
Merchants keep falling prey to cybercrime, but retail executives keep diverting attention and funding elsewhere. The problem is it could cost them customers — in some cases, forever.
By Jason Ankeny • Feb. 13, 2017 -
Deep Dive
What retailers need to know about cybersecurity
Annual global costs tied to destruction of data, intellectual property theft, lost productivity and fraud are on pace to reach $6 trillion by 2021. Here's how retailers can avoid becoming a statistic.
By Jason Ankeny • Feb. 13, 2017 -
Javelin: 15M identity fraud victims in 2016, $16B in losses
The study identified a 40% rise in card-not-present fraud, and found that the increase in EMV cards and terminals was a catalyst for driving criminals to shift to fraudulently opening new accounts.
By Dan O'Shea • Feb. 1, 2017