Content about Security

April 18, 2014

Michaels assured customers a previously disclosed data security issue had been fully contained and raised the disconcerting prospect that it is only possible to make such a claim after a breach has been detected.

Michaels assured customers a previously disclosed data security issue had been fully contained and raised the disconcerting prospect that it is only possible to make such a claim after a breach has been detected.

The company said in January that it learned of possible fraudulent activity on some U.S. payment cards that had been used at it stores. An extensive investigation ensued that involved two independent security firms who, along with the company, worked closely with law enforcement authorities, banks and payment processors to determine what happened.

April 4, 2014

There were a lot of developments in the world of data security last week with a judge agreeing to consolidate lawsuits related to the Target data breach in a Minnesota court, more hearings in Washington, D.C. and troubling research about consumers sharing personal data on public Wi-Fi.

There were a lot of developments in the world of data security last week with a judge agreeing to consolidate lawsuits related to the Target data breach in a Minnesota court, more hearings in Washington, D.C. and troubling research about consumers sharing personal data on public Wi-Fi.

April 3, 2014

Asset protection has been given a high priority at Family Dollar where the operator of more than 8,000 stores said it plans to equip each of its locations with electronic article surveillance (EAS) equipment from Checkpoint Systems.

Asset protection has been given a high priority at Family Dollar where the operator of more than 8,000 stores said it plans to equip each of its locations with electronic article surveillance (EAS) equipment from Checkpoint Systems.

Checkpoint’s technology is already in 3,500 stores and the rollout, said to be one of the fastest in the retail industry, is occurring at a clip of about 120 stores each week.

April 3, 2014

The field of retail asset protection – like other aspects of the industry – is undergoing significant change as a host of complex new challenges related to data security and rapidly advancing technology join longstanding challenges related to workplace safety and shrink.

The field of retail asset protection — like other aspects of the industry — is undergoing significant change as a host of complex new challenges related to data security and rapidly advancing technology join longstanding challenges related to workplace safety and shrink. 

March 31, 2014

It looks like one year of free credit monitoring has become the new industry standard for retailers looking to placate customers potentially affected by a data breach.

It looks like one year of free credit monitoring has become the new industry standard for retailers looking to placate customers potentially affected by a data breach.

Sally Beauty is the latest retailer to offer free credit monitoring and identity theft protection following reports in early March that the company detected an unauthorized intrusion into its data network.

March 14, 2014

In the competitive world of low-cost retailers, Target has led the pack. The leak of millions of customers’ personal data with implications of identity theft and fraud called into question their status as one of the top-retailers and has had their executives reeling.

In the competitive world of low-cost retailers, Target has led the pack. The leak of millions of customers’ personal data with implications of identity theft and fraud called into question their status as one of the top-retailers and has had their executives reeling. Although it's been months since the initial data breach, the crisis still isn't over. Target just reported less-than-stellar fourth quarter earnings, which were at least partly impacted by the breach, and the company still faces costs estimated at up to $1 billion as fallout from the data breach.

February 26, 2014

Target continues to cope with the fallout of a data breach, which, as expected, hurt the company’s fourth-quarter results.

Target continues to cope with the fallout of a data breach, which, as expected, hurt the company’s fourth-quarter results.

The company incurred $61 million in expenses related to the breach during the quarter, but was able to bring the total impact to $17 million after applying a $44 million insurance payment.

But the retailer added that it is not only unable to estimate future expenses related to the data breach but also warned that those costs may adversely affect operations results in the first quarter and full-year 2014 and future periods.

February 21, 2014

“Ongoing investigation.” “Forensics and law enforcement continue to investigate.” For now, it is a bit too early to write the “Lessons Learned” piece about the Target/Neiman Marcus/Michaels data breach incident. But there are a few things that were known before these latest payment card/database breaches occurred and should be put into context in light of what we are currently investigating.

“Ongoing investigation.” “Forensics and law enforcement continue to investigate.” For now, it is a bit too early to write the “Lessons Learned” piece about the Target/Neiman Marcus/Michaels data breach incident. But there are a few things that were known before these latest payment card/database breaches occurred and should be put into context in light of what we are currently investigating.

February 18, 2014

The Retail Industry Leaders Association (RILA) has entered into a partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to enhance cybersecurity information sharing and expand retailers’ proactive and vigilant approach to cyber threats to protect consumers against criminals.

The Retail Industry Leaders Association (RILA) has entered into a partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to enhance cybersecurity information sharing and expand retailers’ proactive and vigilant approach to cyber threats to protect consumers against criminals.

February 13, 2014

Retail and financial trade associations have banded together to combat cyber crime in wake of the Target data breach.

Retail and financial trade associations have banded together to combat cyber crime in wake of the Target data breach.

February 3, 2014

Many fingers pointed at Target after the retailer suffered a massive data breach during the holidays, but preventing the next cyber attack is beyond the scope of any single company, according to testimony retail representatives shared with lawmakers on Monday.

Many fingers pointed at Target after the retailer suffered a massive data breach during the holidays, but preventing the next cyber attack is beyond the scope of any single company, according to testimony retail representatives shared with lawmakers on Monday.

January 23, 2014

Target’s data security breach has already cost all credit unions between $25 million to $30 million. Those numbers are expected to climb in coming weeks as more of the cooperative financial institutions report their costs and as fraud losses are incurred down the road, according to preliminary results of a survey of credit unions by the Credit Union National Association (CUNA).

Target’s data security breach has already cost all credit unions between $25 million to $30 million. Those numbers are expected to climb in coming weeks as more of the cooperative financial institutions report their costs and as fraud losses are incurred down the road, according to preliminary results of a survey of credit unions by the Credit Union National Association (CUNA).

January 17, 2014

The malicious attack on Target which resulted in a massive data breach has spawned a “we’re all in this together” attitude among the nation’s retailers with the National Retail Federation spearheading the charge for common sense consumer protection measures.

The malicious attack on Target which resulted in a massive data breach has spawned a “we’re all in this together” attitude among the nation’s retailers with the National Retail Federation spearheading the charge for common sense consumer protection measures.

Foremost among them is usage of the more secure Chip and PIN technology in credit and debit cards that offers better encryption of data than the magnetic stripe cards that are prevalent in the U.S.

January 10, 2014

The nightmare continued for Target on Friday as worse than expected fourth quarter same store sales prompted the company to slash its profit forecast while it made troubling new disclosures about the theft of information involving 70 million customers.

The nightmare continued for Target on Friday as worse than expected fourth quarter same store sales prompted the company to slash its profit forecast while it made troubling new disclosures about the theft of information involving 70 million customers.

January 8, 2014

The phrase “massive data breach” is the last thing any retailer wants to see their name associated with, but when bad things happen to good retailers Target's response to the situation is a blueprint for other retailers.

The phrase “massive data breach” is the last thing any retailer wants to see their name associated with, but when bad things happen to good retailers Target's response to the situation is a blueprint for other retailers.

December 19, 2013

Target early Thursday confirmed widespread media reports that it suffered a major data breach that affected as many as 40 million credit and debit card transactions during a period that began the day before Thanksgiving through December 15.

Target early Thursday confirmed widespread media reports that it suffered a major data breach that affected as many as 40 million credit and debit card transactions during a period that began the day before Thanksgiving through December 15.

December 17, 2013

NXT-ID, a biometrics company focused on the growing m-commerce market, has elected former MasterCard executives Lawrence Flanagan and Ken Moy to its newly formed board of directors. The appointments align with the company's roll-out and 2014 launch of the Wocket, a next generation biometrically secure wallet.

NXT-ID, a biometrics company focused on the growing m-commerce market, has elected former MasterCard executives Lawrence Flanagan and Ken Moy to its newly formed board of directors. The appointments align with the company's roll-out and 2014 launch of the Wocket, a next generation biometrically secure wallet.

November 8, 2013

Greg Saputo has spent a career in retail loss prevention and in the latest installment of the National Retail Federation’s video series, “This Is Retail,” he reflects on the first time he caught a shoplifter.

Greg Saputo has spent a career in retail loss prevention and in the latest installment of the National Retail Federation’s video series, “This Is Retail,” he reflects on the first time he caught a shoplifter.

August 16, 2013

EyeLock Inc., a leading technology provider of iris-based identity authentication products and technology, has appointed Michael Fiorito as VP of enterprise accounts.

NEW YORK — EyeLock Inc., a leading provider of iris-based identity authentication products and technology, has appointed Michael Fiorito as VP of enterprise accounts.

In this role, Fiorito will be responsible for managing all enterprise accounts and helping spearhead business development efforts which will expand EyeLock's footprint in the United States.

July 3, 2013

Digimarc Corporation, a digital solutions company, has added audio watermarking to its Digimarc Discover mobile engagement platform. An audio watermark allows retailers and brands to differentiate Digimarc’s solution from competing technologies.

Digimarc Corporation, a digital solutions company, has added audio watermarking to its Digimarc Discover mobile engagement platform. An audio watermark is embedded in an audio signal and identifies ownership of copyright, so retailers and brands can differentiate Digimarc’s solution from competing technologies. 

Digimarc’s mobile engagement platform is designed to enable retailers and brands to simplify and enhance mobile consumer engagement, build brand loyalty and drive purchase opportunities from each component of their marketing campaigns. 

February 19, 2013

THOROFARE, N.J. — Checkpoint Systems, a global supplier of shrink management solutions, has introduced a new enhanced performance (EP) anti-theft EAS (Electronic Article Surveillance) food label for supermarkets that is certified to be microwave safe.

The 4010 EP Food Label was designed specifically to protect fresh and frozen supermarket food. It has been certified as microwave safe and non-flammable by TUV Rheinland, an international service group that provides manufacturers with assessment and certification services to ensure product safety.

January 21, 2013

A supermarket chain in the Washington area is marking Inauguration Day by donating lunches to the police officers assigned to guard it.

LANDOVER, Md. — A supermarket chain in the Washington area is marking Inauguration Day by donating lunches to the police officers assigned to guard it.

Ahold banner Giant Food of Landover, Md. — also known as Giant-Landover to distinguish it from fellow Ahold banner Giant Food Stores of Carlisle, Pa. — said it would donate boxed lunches and water to the 5,000 officers of the Washington Metropolitan Police Department, U.S. Park Police and National Park Service.

January 16, 2013

Surveillance technology developer Universal Surveillance Systems has named Amanda Kirtlan, Robyn Broderick and Nicole Finley as national account managers.

RANCHO CUCAMONGA, Calif. — Surveillance technology developer Universal Surveillance Systems has named Amanda Kirtlan, Robyn Broderick and Nicole Finley as national account managers.

Universal Surveillance Systems offers security solutions designed to deter theft, prevent loss and increase profitability, as well as customer support to Fortune 500 clients, worldwide leading retailers and local communities.

November 28, 2012

Good news for Macy’s, which has closed the cash tender offer by its wholly owned subsidiary, Macy’s Retail Holdings, Inc., to purchase up to $700 million in aggregate principal amount of its outstanding debt securities.

CINCINNATI — Good news for Macy’s, which has closed the cash tender offer by its wholly owned subsidiary, Macy’s Retail Holdings, Inc., to purchase up to $700 million in aggregate principal amount of its outstanding debt securities.

“Through this transaction and our recent debt issuance, we have successfully improved our debt maturity profile and decreased our ongoing interest expense,” said Karen M. Hoguet, Macy’s, Inc. CFO.

November 1, 2012

Tyco Retail Solutions, a provider of retail performance and security solutions sold direct and through authorized business partners worldwide, has expanded its portfolio of Sensormatic acousto-magnetic Electronic Article Surveillance (EAS) hard tags and alarming wraps.

BOCA RATON, Fla. — Tyco Retail Solutions, a provider of retail performance and security solutions sold direct and through authorized business partners worldwide, has expanded its portfolio of Sensormatic acousto-magnetic Electronic Article Surveillance (EAS) hard tags and alarming wraps. The newly available tags address many high theft, high velocity categories and give retailers a broad, comprehensive solution to protect their entire store, the company said.

The New Sensormatic Tag Portfolio includes: