Se­cu­rity breaches frighten shop­pers, stores

SP's MAI - - INTERNAL SECURITY -

Re­tail chain ‘Tar­get’ re­acted swiftly to its enor­mous data breach, but the chain is far from the only com­pany scram­bling to mit­i­gate dam­age from the on­line as­sault, re­tail and se­cu­rity ex­perts say.

‘Tar­get’ re­ported in De­cem­ber 2013 that crim­i­nals had gained ac­cess to 40 mil­lion shop­pers’ credit- and debit-card in­for­ma­tion on Novem­ber 27 — the day be­fore Thanks­giv­ing and just ahead of one of the busiest shop­ping days of the year — and main­tained ac­cess through De­cem­ber 15.

Sim­i­larly, Lux­ury re­tailer Neiman Mar­cus also re­ported that hack­ers stole credit- and debit-card in­for­ma­tion from as many as one mil­lion cus­tomers and made unau­tho­rised charges over the hol­i­day sea­son. The se­cu­rity breaches have left those re­tail­ers with a huge and costly prob­lem as they work to rem­edy things for af­fected cus­tomers.

Shop­pers are now wary about shop­ping in these re­tail chains and want all bankers and re­tail­ers to put in place fool­proof swip­ing of debit/credit cards.

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