Point-of-sale systems have become the Achilles heel of retailers, exploited by hackers of Target, Kmart, Home Depot and others to steal valuable credit and debit card data.
Target has agreed to pay $10 million to settle lawsuits filed in response to its massive credit and debit card data breach in 2013. Target and attorneys for data breach victims submitted the settlement on Wednesday to a federal judge for approval.
Potentially hundreds of IT workers at Target Corp. are waiting to learn their fate, as the retail giant announced it would lay off "thousands" of workers under a $2 billion cost-saving plan.
The top stories for Feb. 2, 2015.
Hortonworks, Aetna, Merck, Target and SAS announced last week the creation of the Data Governance Initiative (DGI) designed to "ensure a common approach to data governance across all systems and data."
In the aftermath of the major data breaches perpetrated by malware-wielding hackers, the National Security Agency and the Central Security Service have published a report with advice for companies on how to deal with malware attacks.
Offering free-credit monitoring when a data breach occurs might not be the best strategy to satisfy affected customers, according to study by researchers at the University of Arkansas.
A lawsuit by a number of banks against Target for the data breach that resulted in the theft of 40 million credit and debit card accounts can proceed, a federal court judge ruled this week, the Star Tribune reports.
California had 167 data breaches last year, putting personal information of 18.5 million citizens at risk--a staggering 600 percent increase--according to the latest data from the California attorney general's office.
With all of the news about data breaches affecting point of sale systems, you would think that POS security would be a priority for POS vendors and retailers. You would be wrong.