Retailers Easy Hacking Target
[Dec 10, 2007.]
A new study indicates that retailers are prime targets for computer hacking.
AirDefense Inc., a producer of security measures for wireless data systems, discovered that one in four store access points were trading information with no type of encryption. Encryption is a scrambling system that's used in an attempt to thwart would-be hackers.
What's more, AirDefense found that half of more than 3,000 retailers use wireless data transmission systems that could be easily infiltrated. As a result, thieves could steal credit card numbers, Social Security numbers, and other private consumer information.
Computer experts say that it doesn't require a great deal of expertise to discover wireless access points. In fact, it can easily be done with the aid of a laptop.
The security survey may be the largest ever conducted involving retail operations. The undercover effort took 6 months and occurred at shopping centers in major U.S. cities such as Los Angeles, New York, Chicago, San Francisco, Atlanta, and Boston. Surveys were also conducted overseas in London and Paris.
The chief security officer for AirDefense, Richard Rushing, told the news media, "The bad guys are going to go for the low-hanging fruit, and that's the wireless networks."
Some experts say that the AirDefense study exposes only the most obvious security failures within the retail industry. In fact, retailers may face a much greater security problem than many realize.
AirDefense has informed individual retailers of the problems it uncovered, but it is not releasing the list of vulnerable targets to the general public. The National Retail Federation and major credit card issuers have been tight-lipped about the security survey.
However, officials at VISA have said that 65% of the nation's biggest retailers meet card industry security standards. That's nearly double the number that was in compliance at this time last year.
Julie Ann Amos
December 10th 2007
Recent News
- Fannie Mae Suffers Stinging Loss
Lending giant Fannie Mae suffered a devastating loss during the third quarter of the year. - Subprime Mortgage Crisis Takes Toll on Securities
A new report indicates that securities backed by subprime mortgages are definitely underperforming. The disappointing news appears to be the result of three primary factors: decreasing home prices, expanded high-risk loan products, and substandard underwriting. - Loan Production Plummets at Countrywide
As yet another indicator that the housing market is in free fall, Countrywide Financial Corporation is reporting that its home loan production nosedived last month.[9th December 2007] - Consumers Need to Guard Their Bank Accounts This Holiday Season
With the holidays just around the corner, experts say consumers would be wise to re-examine their spending habits. Because of the sales that are ever-present in the days leading up to Christmas, many individuals may be tempted to push their credit spending to the limit. [9th December 2007] - Country Still Reeling from Subprime Loan Crisis
The nation appears to be continuing to feel the effects from the collapse of the subprime loan industry. [9th December 2007] - Housing Crisis Produces Stress
It's apparent that the current housing crisis in the U.S. is having a decisive impact on banks, home buyers, home sellers, and investors. [9th December 2007]
Recent News:
- Auto loans and the notorious “Yo-Yo” dealer scam
A new report reveals how unscrupulous dealers scam many customers with a contemptible scam: "Yo-Yo" auto loans.
[April 17th, 2012] - Auto loans more available as FTC tackles yet another dealer scam
It may be easier to get approved for auto loans now than it has been for years, but you should still take care when choosing one. The Federal Trade Commission has recently highlighted yet another of the many scams that some dealers use to entrap the unwary.
[April 4th, 2012] - Surprising reasons why you might look for a new auto loan
There are dozens, if not hundreds, of reasons why you might be checking out auto loans to finance a change of vehicle. Here are a couple you may not have previously considered.
[April 4th, 2012] - Give me your tired, your poor, your huddled masses… of car dealers
After years of stiffing consumers with countless scams, especially over auto loans, car dealers are now wanting our sympathy!
[April 4th, 2012] - More good news on auto loans
The National Automobile Dealers Association has been meeting over the weekend, and delegates were more upbeat than they have been for years.
[April 4th, 2012]
Easily subscribe to the rebuild.org news feed.
Read our news without even visiting our site!
Rebuild.org monthly news archive
- April 2012 (11)
- March 2012 (2)
- February 2012 (3)
- January 2012 (5)
- December 2011 (6)
- November 2011 (8)
- October 2011 (9)
- September 2011 (8)
- August 2011 (18)
- July 2011 (19)
- June 2011 (17)
- May 2011 (16)
- April 2011 (12)
- March 2011 (11)
- February 2011 (18)
- January 2011 (20)
- December 2010 (21)
- November 2010 (18)
- October 2010 (21)
- September 2010 (17)
- August 2010 (19)
- July 2010 (20)
- June 2010 (17)
- May 2010 (20)
- April 2010 (27)
- March 2010 (31)
- February 2010 (23)
- January 2010 (27)
- December 2009 (27)
- November 2009 (24)
- October 2009 (28)
- September 2009 (24)
- August 2009 (32)
- July 2009 (41)
- June 2009 (43)
- May 2009 (42)
- April 2009 (48)
- March 2009 (48)
- February 2009 (29)
- January 2009 (45)
- December 2008 (45)
- November 2008 (24)
- October 2008 (7)
- August 2008 (17)
- July 2008 (17)
- June 2008 (47)
- May 2008 (43)
- April 2008 (50)
- March 2008 (10)
- February 2008 (14)
- January 2008 (8)
- December 2007 (10)
- November 2007 (20)
- October 2007 (21)
- September 2007 (18)
- August 2007 (28)
- July 2007 (31)
- June 2007 (17)
- May 2007 (12)
- April 2007 (8)

