Retail

Unknown Knowns: Arbor Warns Of Widespread Point of Sale Compromises

The hack of U.S. retailer Target put attacks on point of sale systems on the radar, and prompted major retailers to revisit the security of the systems that accept credit card transactions. Now research from Arbor Networks is warning that hackers and cyber criminals are doubling down on point of sale (PoS) systems with a wide range of specialized PoS malware and targeted attacks. Arbor says it has data suggesting that PoS compromises may be widespread, and undetected. Arbor’s Security Engineering & Response Team (SERT)  issued its findings in a Threat Intelligence Brief (2014-6)  report. The company said that “ambitious threat actors” are using targeted attack campaigns against PoS networks. The “longevity and extent” of PoS attack campaigns – even at wealthy and sophisticated organizations – is “a serious concern.”   [Read Security Ledger’s coverage of the Target data breach here.] “In organizations with security teams and well-managed network infrastructure, point of […]

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No Silver Bullet For Securing The Internet Of Things

On Wednesday we wrapped up the first-ever Security of Things Forum (SECoT) here in Boston, which was a great success. During a full day of talks and panel discussions, there was a lot of discussion – both on the stage and in the audience. Here are some (high level) take aways from the event: The Internet of Things will be different – really different The combination of technologies that we refer to as the Internet of Things is going to be transformative in ways that are profound. As I said in introductory comments: I see the net effect of this next phase of the Internet as being a leap forward, rather than incremental change – less “invention of the printing press” and more “invention of writing and counting systems.”   Like Internet v.1, the exact direction that the Internet of Things will take is unclear. What is clear is that it […]

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Google: Android Wear Isn’t Ready For Health Data

I didn’t get a chance to write about Google’s (big) announcement that it was expanding its Android operating system franchise to wearable products. If you haven’t been following the news: the company unveiled a developer preview of Android Wear, software that will allow developers to outfit wearable devices that can interact with Android devices like mobile phones and tablet.   The announcement is important: it shows Google continuing to grow its footprint in the wearables space beyond the (controversial) Glass technology. In fact, noted tech luminary Robert Scoble and others have wondered aloud whether Google is ready to let Glass go the way of Wave, Buzz and other skunkworks projects. The announcement of Wear and attendant deals with watch makers like Fossil and others suggests that, if nothing else, Google is ready to get out of the wearable hardware business and leave that to companies that are better suited to […]

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Snowden RSA Controversy Just One Of Many Facing Security Industry

In a little more than a week, executives from world’s leading technology firms will gather in San Francisco for the RSA Conference, the cyber security industry’s biggest show in North America. No hacker con, RSA is something akin to corporate speed dating for companies in the security industry. But, like so much else in the technology world, this year’s conference has become mired in controversy stemming from Edward Snowden’s leak of classified documents related to government surveillance. In December, Reuters broke the story that, among the documents leaked by Snowden was evidence that RSA, the security division of EMC and parent company to the conference, accepted a $10m payment from the NSA to implement what turned out to be a vulnerable encryption algorithm as the default option for its BSafe endpoint protection product. RSA, the security division of EMC, has denied the allegations that it accepted the money while knowing that […]

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Target Breach Spells End for Magnetic Stripe Cards in 2015

After years spent fighting pushes for more secure standards, the payment card industry and retailers are moving quickly to abandon magnetic stripe cards and embrace so-called ‘chip and pin’ technology. Credit card firms MasterCard and Visa plan to have most customers on the more secure chip and pin cards by October, 2015, according to a report in the Wall Street Journal. The move comes in the wake of a massive heist of account information for tens of millions of credit card holders from the systems of U.S. retailers including Target, Neiman Marcus and Michaels Stores. In an interview with MasterCard’s Carolyn Balfany, the Journal notes that company has set October, 2015 as the date for a “liability shift” – a change in policy that will hold the party in a fraudulent transaction liable for losses due to that transaction. The goal, said Balfany, is to try to encourage merchants and […]

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