Target

Arbor Networks PoS Report

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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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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Retail Breach - Who is Next?

Update: Retail Breaches Spread. Point of Sale Malware A Suspect.

Reuters is reporting on Monday that the recently disclosed hack of box store retailer Target Inc. was just one of a series of attacks against U.S. retailers, including Target, the luxury department store Neiman Marcus and other, as-yet-unnamed companies.* The story adds to other, recent revelations, including the breach at Neiman Marcus, which was first disclosed by the security blog Krebsonsecurity.com on Friday. Also on Monday, Target CEO Gregg Steinhafel confirmed that his company was the victim of malicious software installed on point of sale (PoS) systems at the store. According to the Reuters report, Target Corp and Neiman Marcus are just two retailers whose networks were breached over the holiday shopping season. The story cites unnamed sources “familiar with attacks,” which have yet to be publicly disclosed. Breaches of “at least three other well-known U.S. retailers took place and were conducted using similar techniques as the one on Target,” according […]

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Week In Security: More Target Woes and CES

It was another eventful week in security, with another big revelation in the story of a hack of box retailer Target Inc. That update – which accompanied Target’s fourth quarter earnings guidance – nearly doubled the number of known victims of that attack. It also revealed that credit card data was not the only information stolen by hackers, who also made off with customer names, mailing addresses and emails. In this latest installment of Security Ledger’s Security Week in Review, we spoke with Jody Brazil, the President of the security firm FireMon about the week’s events. Jody is a seasoned security professional who works day-in-day-out with companies that are trying to manage their risk. He said that even large companies like Target can fall victim to sophisticated attacks, but the IT security may be too quick to give up on traditional defensive technologies. Jody and I had an interesting chat about […]

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Target: Hack Exposed Data On 70 Million

Target provided some guidance on its fourth quarter earnings on Friday and, not incidentally, dropped another bombshell in the long-running story about the November data breach that exposed credit card information on some 40 million customers. It turns out that the credit card numbers were just the tip of a much larger iceberg. The box store retailer now claims that its investigation of that incident revealed that data on around 70 million customers was exposed, including e-mail addresses, phone numbers, mailing addresses and more. In a statement, Target said that much of the stolen data was “partial in nature,” but that it will reach out to customers whose e-mail addresses were stolen to warn them about potential fraud, including “phishing” e-mails that purport to come from Target. “I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are […]

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