A Retail Systems Research report finds that 72% of retailers plan on increasing their IT-related spending over the next three years.
When I was little, my grandma and I would go to the grocery store, browsing up and down every aisle for deals. We’d barely be in the door long enough to plop all of our bags down on the counter before my grandpa would say, “Helen, what is all this?!”
My grandma loves to buy things on sale. If she were a cartoon character, her catchphrase would be, “Oh, Larry, one of the girls will need it.” My mom and aunts couldn’t leave my grandparents’ house without a trunk full of household supplies.
The Target breach in 2013 may not be the biggest retail breach in history, but for many retailers, it was their watershed moment. Point-of-sale (PoS) terminals were compromised for more than two weeks. 40 million card details and 70 million records of personal information swiped—part of which was “backlist,” historical transaction information dating back to more or less a decade ago. Card unions paid over $200 million in cost for card reissues.
Department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor have suffered a data breach that apparently exposed details on 5 million payment cards for customers in North America, Toronto-based parent organization Hudson’s Bay Company said on Sunday. See Also: How to Scale Your Vendor Risk Management Program Details of the data breach were first announced Sunday by cybersecurity firm Gemini Advisory.