Neiman Marcus

Big banks and retailers lock horns over Data breach

February 3rd, 2014

 

Target customers personal information of about 110 million was exposed during the data breach. It was notified by the Justice Department after suspicious activity involving payment cards used at Target stores. Also Neiman Marcus computer was attacked by hackers. It was notified late to the customers as company required confirmation for the breach.

Target Executive Vice President John Mulligan started his testimony before the Senate Judiciary Committee with an apology before blame game started between big banks and retailers. He stated during first part of hearing, “We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back.” According to Mulligan, company hired its own independent team of experts to conduct a forensic investigation after the breach.

Personal information like credit and debit card numbers, expiration dates, PIN numbers and codes on the cards’ magnetic strips was compromised after 40 million credit and debit card accounts of Target were breached late last year. Also non card information like names, phone numbers and email and mailing addresses of 70 million Target customers were also stolen.

Neiman Marcus computer was also affected by the breach. Michael Kingston, senior vice president of the Neiman Marcus Group said, “The malware was evidently able to capture payment card data in real time, right after a card was swiped, and had sophisticated features that made it particularly difficult to detect, including some that were specifically customized to evade our multilayered security architecture that provided strong protection of our customers’ data and our systems.”

FTC Commissioner Edith Ramierz and William Noonan, a top agent with the Secret Service’s cyber operations branch are expected to report the Senate Judiciary Committee following testimony from retailers.

With the seriousness involved in the breach data it is advised companies to put all security measures in place. Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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