News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED
Let an ISACA® certification elevate your career.
Register today and save
You are here: Home / Network Security / Retailers Must Be Vigilant After Hacks
DDoS Protection Powered By Verisign
Analysts: Retailers Must Be Vigilant After Hacks
Analysts: Retailers Must Be Vigilant After Hacks
By Jennifer LeClaire / NewsFactor Network Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
JANUARY
13
2014


It’s not just Target. Neiman Marcus on Friday disclosed hackers may have stolen the credit and debit card numbers of its customers. While Target is reporting at least 70 million customers were affected, the luxury retailer isn’t yet sure how deep its server breach runs.

We caught up with Chris Petersen, CTO and co-founder of LogRhythm, a log analysis firm, for his take on the beach. He told us he wonders just how broad this targeted attack against retailers could actually be. Does it span beyond Target and Neiman Marcus? Or are these isolated incidents?

“Currently, there is no national breach disclosure law. While most states do have such laws, the teeth of the law are often insufficient to overcome concern regarding brand damage,” Petersen said. “Most breaches that go public still do so as a result of a third-party reporting. What we don’t know is how many other companies were breached, or still are, from this same or similar attack."

Stuxnet Invading Retailers?

As Petersen sees it, the scale of the Target breach speaks to the sophistication of the organization and the methods behind it. With Neiman Marcus reporting a similar breach, Petersen wonders if we've seen a cybercrime-driven Stuxnet-like capability applied to retail corporations.

“Like Stuxnet, it would appear stealthy malware was introduced focused on compromising thousands of specific systems where cardholder and PIN data could be accessed in unencrypted form, likely via a memory scraper,” Petersen said. “To successfully accomplish this, highly sophisticated malware was almost certainly developed and deployed.”

According to Petersen, this malware would need to compromise systems en route to intended targets and remain stealthy in the process, only going active once the scale of compromise was sufficient to achieve the designers objective -- en mass data theft. He concluded that these are capabilities similar to the military-class malware Stuxnet is believed to have been in 2010.

Retailers at Risk

We also turned to Tom Cross, director of Research at Lancope, to get his thoughts on the retailing breaches. With the possibility that a large number of retail organizations may have been victims of the same set of attacks, he told us other retail businesses have to be asking if they were compromised as well.

“It has been confirmed that malware was installed on point of sale terminals at Target, so other retail organizations should be taking a close look at their point of sale systems,” Cross said.

"Retail organizations should be looking at how well prepared their organization is to identify a compromise like this after it has taken place, investigate that compromise, and clean it up. Organizations often under-invest in incident response capabilities because they view those capabilities as reactionary and would prefer to prevent incidents up front. However, even the best preventative approaches will sometimes fail and you need to be prepared for that," Cross said.

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN NETWORK SECURITY
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 
Are Government Spies Tipping Off Tor?
Less than a month ago, tech news headlines heralded a Tor Project breach. Now, some are saying that government spies are sharing information with Tor to help it prevent future breaches.
 
Backoff Malware Hits 1,000+ Businesses, Likely More
More than 1,000 businesses across the U.S. might have been affected by Backoff, a new kind of point-of-sale (PoS) malware, according to the Department of Homeland Security.
 

Enterprise Hardware Spotlight
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Alert: HP Recalls 5 Million Notebook AC Power Cords
HP is recalling about 5.6 million notebook computer AC power cords in the U.S. and another 446,700 in Canada because of possible overheating, which can pose a fire and burn hazard.
 
Acer's New Desktop Box Rides the Chrome OS Wave
Filling out its Chrome OS line, Acer is following the introduction of a larger Chromebook line earlier this month with a new tiny $180 desktop Chromebox and also a smaller Chromebook.
 

Mobile Technology Spotlight
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Verizon Hops on the Voice-Over-LTE Bandwagon
Wireless provider Verizon is gearing up for a nationwide launch of its Voice-over-LTE service over the next several weeks, promising clearer and crisper phone calls and a Skype-like video service.
 
Smartphone 'Kill Switch' Law in California; Will Other States Follow?
California’s new law -- signed by Gov. Jerry Brown on Monday -- aimed at deterring cellphone theft could mean most mobile phones sold in the U.S. will soon include similar “kill-switch” tech.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.