U.S. Secret Service Agent Matt O’Neill was growing nervous. For three months, he’d been surreptitiously monitoring hackers’ communications and watching as they siphoned thousands of credit card numbers from scores of U.S. retailers.
It’s unlikely the U.S. president will be shopping on First Aeroportovskaya Street in Moscow anytime soon. Just in case, Magazin Myod, a small store selling honey and beeswax, has a sign on its door saying, “Sanctions: Barack Obama is prohibited from entering.”
After last year’s massive security breaches at Target Corp. and Neiman Marcus Group LLC, data- security professionals urged U.S. retailers to upgrade their credit and debit card technology to reduce fraud.
When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists.
Hackers who raided the credit-card payment system of Neiman Marcus Group Ltd. belong to a sophisticated Russian syndicate that has stolen more than 160 million credit-card numbers from retailers over seven years, according to people with knowledge of the matter.
Target Corp., testifying before Congress about a data breach that affected millions of customers, told lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.
Target Corp., scheduled to testify today about a data breach affecting millions of customers, plans to tell lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.