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Online Retailers Face New Threats From Hackers

Online Retailers Face New Threats From Hackers

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

A recent report from KrebsonSecurity said that “until quite recently, credit card data stolen from online merchants has been worth far less in the cybercrime underground than cards pilfered from hacked brick-and-mortar stores. But new data suggests that over the past year, the economics of supply and demand have helped to double the average price fetched by card-not-present data, meaning cybercrooks now have far more incentive than ever to target eCommerce stores.”

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