28 More Tweets from MRCVegas14
And I’m back from the Merchant Risk Council Ecommerce Payments and Risk Conference… Jet-lagged from 3 and a half days in Las Vegas (if you include the red eye back … Continue Reading →
Security
25 Tweets from Day 1 of #MRCVegas2014
Did you miss Day 1 of the Merchant Risk Council Ecommerce Payments and Risk Council? Here’s a look back at some thought leadership, fun and a-ha moments from Las Vegas. … Continue Reading →
Skiing at the Merchant Risk Council Conference
The last thing I thought I’d do in Las Vegas this week was strap on a pair of ski boots. Okay, the last thing I EVER thought I’d do was … Continue Reading →
Cyber Security in the Crossroads
Target, Neiman Marcus and Michaels are not the first merchants to have customer data compromised by a cyber-attack, nor will they be the last.
The Effects of Online Credit Card Declines in the U.S.
An independent study of 1k consumers found that 17 percent of consumers report having had their credit cards declined during card not present (CNP) transactions and as many as one-third of these declines were unnecessary. The result is consumer aggravation, increased operational costs for banks and credit card companies and as much as $40 billion in lost revenue for online retailers. 41st Parameter, a part of Experian, released the data from its TrustInsight division.
Target CIO Resigns after Holiday Security Breach
Target has announced that Beth Jacob, chief information officer, is resigning from her position as part of an “overhaul” of the retailer’s information security and compliance structure. Jacob’s resignation is effective March 5.
Data Breach Affects Target’s 4Q U.S. Sales
What did the major data breach at Target mean for the merchant’s bottom line? It meant fewer consumers shopping at the mass merchant, as well as a $17 million net expense related to the data breach investigation. Target announced Wednesday that sales for its U.S. segment in the fourth-quarter decreased 6.6%.
Lessons Learned from the 2013 Holiday Season
Retail marketers have been busy examining the results of their holiday initiatives to reflect on what worked, what didn’t and what can be improved. From a technology perspective, here are three of the most poignant lessons that can provide valuable guidance for retail marketers in the coming year.
Fraud Threats Loom for Mobile Commerce Merchants
As retailers increasingly look to mobile as a way to generate revenue, fraud threats are impacting merchants to the tune of $283 for every $100 of actual fraud losses through mobile devices.
6 Takeaways from the Target Security Breach
What can businesses and retailers learn from Target security breach? Here are some of key takeaway tips from WatchGuard Technologies’ Director of Security Strategy and Research Corey Nachreiner.