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Tag Archives: security

Big-Box Retailers Settle on Data Breaches

Data Breach

For big-box retailers Target and Home Depot, their widely publicized data breaches continue to be a topic of discussion, and both are coming to agreements to pay for the costly hacks to consumers’ information. Target will pay about $39 million to …

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Home Depot’s Sales Rise in Q2

The Home Depot today reported sales growth for the second quarter of 2015. The retailer had sales of $24.8 billion, for a 4.3 percent increase above the second quarter of fiscal 2014. Comparable U.S. store sales for the second quarter of …

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Target Agrees to $10 Million Settlement in Data Breach Lawsuit

Consumers who were victims of the Target data breach of 2013 may soon receive compensation for any financial losses they faced. On Thursday, March 19, a judge gave the preliminary approval for a $10 million settlement of a lawsuit filed by customers of Target, …

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National Data Breach Legislation Proposed

After data breaches repeatedly made headlines this past year, an American lawmaker is pushing for national legislation outlining how companies should react to hackers stealing customer information. “Data theft is a real and serious threat facing American families,” Rep. Michael Burgess of Texas says in an article from the …

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Hello, Smart Home: Look Forward to More Tech and More Data Breaches

New home technology and more tech hacking are among 2015’s prospects, according to an article from NBC News. The technology that home improvement retailers sell aren’t exempt from the technological advances and risks. “Everyone’s looking at the home through the lens of connectivity …

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Fraud Costs Multiply for Retailers

Retailers lost more than $3 per stolen dollar stolen in 2014, according to recent research. The cost of dealing with fraud, including stolen merchandise, bounced checks and unauthorized credit card transactions, came at a price of $3.08 per dollar stolen this …

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Five Holiday Loss Prevention Tips

The National Retail Federation offers the following loss-prevention tips for retailers during the holiday shopping season, which includes the days after Christmas when customers are spending their holiday cash and gift cards: Have your experienced staff members team up with …

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Retailers Expect to Lose $3.8 Billion on Holiday Return Fraud

Retailers expect to lose nearly $4 billion this holiday season due to stolen merchandise being returned to stores, according to a recent survey. The National Retail Federation surveyed grocery, department, discount, specialty and small retailers to predict the loss of $3.8 billion to individual people …

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