As Home Depot scrambles to determine the scope and scale of a potentially massive breach of its customers' data, the retailer's troubles underscore the challenges facing retailers and card issuers attempting to gird themselves against cybercriminals.
Bring-your-own-device has caught on, and for many it's a positive development. Security is a big issue for companies that follow the trend, though, and one way to ensure it is by having remote-wiping capability to invoke under certain sets of circumstances. The trouble is, many of the gadgets in use don't segregate business and personal data. That means when a phone or tablet is wiped, everything goes.
Retailers concerned by the lack of a West Coast longshoremen's contract will continue to bring merchandise into the country at above-average levels this month, but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Thirty-seven percent of more than 5,000 respondents reported economic crime in their organizations, with the categories of bribery and corruption and cybercrime experiencing notable growth, according to PwC in its latest Global Economic Crime Survey.