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Neiman Marcus 2 articles

Target and Neiman Marcus executives explain their data breaches to the Senate Judiciary Committee

John Mulligan, Target Executive Vice President and Chief Financial Officer, started off his testimony to the Senate Judiciary Committee apologizing for the data breach that has exposed 110 million Target customers’ personal and financial information. “We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back,” Mulligan explained to the panel, which was conducting a hearing on the prevention of data breaches and cybercrime. The data breaches of Target and Neiman Marcus were the primary focus of the hearing. The Justice Department alerted the retail giant on the evening ... Read More

New FBI document alerts retailers to be on the guard for more cyber attacks

After learning about 20 separate hacking events that took place during the course of 2013, the U.S. Federal Bureau of Investigation (FBI) allegedly warned retailers nationwide to expect more cyber-attacks incorporating malware similar to what was used during the substantial Target holiday security breach. According to Reuters, the document titled “Recent Cyber Intrusion Events Directed Toward Retail Firms” was sent from the FBI, dated Jan. 17, to alert retailers of the “memory-parsing” malware that could potentially infect point-of-sale (POS) systems. “We believe POS malware crime will continue to grow over the near term, despite law enforcement and security firms’ actions ... Read More