I know it’s very tedious these days to use a Star Wars metaphor, but as everyone’s doing it so will I. Encryption techniques have been used for some time to secure communications and protect personal or intellectual property.
There have been many major retail data breaches in the past few months: Target, Home Depot etc. Those may have come and gone, but the risk has not. Once your information has been stolen, you do not get it back. According to John McCollough president of the Financial Crime Services, cyber criminals will hang on to your information, circling back months to years later, so you are constantly at risk.
Last week, thousands of IT security professionals gathered in Toronto for the annual SecTor Security Conference to share compelling research and new techniques. From malware attacks to unencrypted stolen devices, data theft is rampant in the enterprise, and security solutions are, well, supposed to be the solutions. Security experts at SecTor presented on the various ways organizations can learn from past mistakes and how vendors can aid in this process.
In what is beginning to appear as a weekly occurrence, another major retailer has announced they have been a victim of a data breach. Late last week, Sears-owned discount department store Kmart, quietly announced via a Securities and Exchange Commission filing that the brand had suffered a breach through its point of sale (PoS) systems which were ultimately comprised by malicious software.