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Monday marks the unofficial start to the online holiday shopping season, and while experts are predicting record-breaking internet sales this year, security researchers are warning that criminals will be prowling cyberspace more than ever before. Before TJX revealed its servers had been breached by hackers, the retail giant collected and stored unnecessary and excessive amounts of personal information for too long and relied on outdated encryption technology to defend the data, according to a report released today by Canadian privacy officials. TJX and three bankers groups have settled a lawsuit over costs related to the discount retailer's record data breach that may have exposed as many as 94 million accounts, the parties announced Tuesday. A senior database administrator in the US has admitted stealing the details of 8.5 million customers over a period of five years.. Seagate is warning users to scan their systems for malware after a password-stealing Trojan was found on some of its hard drives. The body charged with managing and promoting the Payment Card Industry Data Security Standard (PCI DSS) announced today it will soon administer another set of merchant guidelines involving secure payment systems.
Cyber crime can only be reduced by educating consumers and co-ordinating efforts by all parties involved in internet commerce, say security experts.. TJX Companies revealed late Wednesday in a regulatory filing that hackers stole data from at least 45.7 million credit card holders when they illegally accessed the discount retailer's processing systems during 2005 and 2006. Security experts have reported a "dramatic reduction" in the proportion of phishing emails targeting customers of PayPal and its parent company eBay.. California Gov. Arnold Schwarzenegger, with strong urging from a lobbying alliance, has vetoed a stringent data protection bill that would have made merchants, not banks, responsible for reissuing credit cards and alerting customers following a breach.
Firms wishing to move on from simple wireless LAN (WLAN) deployment to securing and monitoring their infrastructure and generating real-time compliance reports may be tempted by the latest upgrade of AirMagnet’s enterprise system. Security firm SafeMedia has warned that the use of peer-to-peer software to steal personal information is likely to increase sharply. You wouldn't post your home address on a public website. You should be just as careful with your work email address. TJX Companies, the parent firm of retailers T.J. Maxx and Marshalls, was hit with a flurry of lawsuits this week resulting from hackers breaching company servers. Many businesses are still in the dark ages when it comes to making sure customers are who they say they are, reveals a new report by risk management experts Experian. Cyber crime is costing the e-commerce industry as much as £580 million (A$1.38 billion) per year, with that figure set to rocket to £1.5 billion (A$3.6 billion) by 2010, latest figures show. The holiday season is officially underway. Retailers are bustling around to display choice merchandise, while consumers are busy spending. With businesses focused on meeting their end-of-year sales goals and planning for 2007, security may not be a top priority, which can be a costly mistake. The number of companies, government departments and public bodies that have breached data protection rules is "horrifying", a new report says. PICA Australia has signed up to distribute BitDefender’s antivirus software and data security solutions for both corporate and home users, products. In a bid to stregthen its retail presence security vendor CA has signed an agreement with local distributor Atari.