Retailers Should Reinforce Their POS Security


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Recent Point of Sale (POS) security breaches perpetrated by a geographically dispersed, complex crime ring are forcing retailers to take a closer look at POS security. Using social engineering, sophisticated programming, and a high level of organization, the group targeted several Dave & Buster's locations. After hacking into the network, the group installed spyware in several of the chain's POS systems which relayed credit card and ATM information used to defraud several banks and on-line retailers.

Similar cases have been reported by TJ Maxx, Sam's Club, OfficeMax, and shoe retailer DSW. The problem is not limited to American retailers; according to a Newbury-based market researcher, UK retailers have also seen a dramatic increase in credit card fraud. The concern is that criminals are becoming more organized, sophisticated, and specialized. In the Dave & Buster's fraud case, at least eleven criminals were involved in separate fraud related duties.

 

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Search Code: 7370
Published: August 26, 2008
Last Revised: August 26, 2008

3 Comments

  • Missing comment
    Imran Shaikh | 01-29-2014

    This needs to be revised in light of recent Target CC theaft

    • Missing comment
      Info-Tech Research Group | 01-30-2014

      Thank you for your comment. Please see our recently published Cut PCI Compliance and Audit Costs in Half blueprint.

    • Missing comment
      Info-Tech Research Group | 01-30-2014

      Thank you for your comment. Please see our recently published Cut PCI Compliance and Audit Costs in Half blueprint.

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