retailer cyber risk News

Retailer Neiman Marcus Notifies 4.6M Customers of Data Breach

Dallas-based retailer Neiman Marcus Group said it recently learned that an unauthorized party obtained personal information associated with customers’ online accounts in May. NMG said it notified law enforcement of the issue and is working with Mandiant, a cybersecurity firm, …

Cyber Thieves Working Overtime Before Credit Card Chips Curtail Their Retail Business

Cyber-thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. “We’ve actually seen a number of discussions, in some cybercrime communities, where …

New Credit Card Chips Shift Liability to Retailers

On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that accepts or issues payment …

Target to Pay MasterCard Banks $19M to Settle Data Breach Claim

Target Corp. said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013. The amount under the settlement with MasterCard …