Retailers urged to increase security spending in wake of finely tuned attacks

The hackers responsible for delivering the credentials-stealing malware that targeted holiday shoppers at retail chains including Neiman Marcus Group and Target finely tuned their payload to exploit weaknesses in each store's point-of-sale system, investigators say. Experts, meanwhile, say the breaches are evidence that store chains have not done enough to ensure the security of their networks and are calling on the industry to redouble their efforts to protect customer data. Analysts project fallout from the malware attacks will lead to a 5.7% increase in security spending from the retail sector.

View Full Article in:

Wall Street Journal (tiered subscription model), The · Reuters

Published in Briefs: