After Target and from Neiman Marcus retail security breaches, a greater degree of security hacks is looming this year, security analysts have warned. They foresee that combating security hacks in retail Industry will be more difficult. A security analyst at Gartner shared that those two retail security breaches were much bigger than what was found initially. Avivah Litan, a security researcher has revealed that Target security breaches were greater than 70-million customers’ data and the number of customers’ data been hacked at Neiman Marcus is still untold.
“Bout of attacks” in the offing in 2014
Avivah Litan has pointed that “It’s clear that there is a new bout of attacks”. She said that the data thieves could be coming back to target more retail stores and emerging as different types of data thieves. Litan spotted magnetic strip system used in retail stores makes point-of-sale systems more vulnerable to data hacks as compared to POS systems which use credit cards with smart chips.
Another cybersecurity expert has blamed on rapid technological advancements in retail industry. David Burg of cybersecurity at PricewaterhouseCoopers has said “As we use more and more technologies to collaborate among businesses, or to connect with consumers using mobile devices and other kinds of applications that allow consumers to interface with various corporations, what you have is an attack surface that keeps increasing in size and complexity, making it very hard to secure.”
Tom Kellermann, a managing director at Alvarez & Marsal, has pointed at readily available software which hackers are now using. He said that “There’s a massive consulting and software-based industry that supports the shadow economy that makes it far easier for people who are not sophisticated to leverage these types of attacks.”
Gregg Steinhafel, Target CEO, has apologized to customers through CNBC stating that Target would compensate for credit monitoring and would fix things for its consumers.