View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
January 24, 2014

FBI warns US retailers of more cyber attacks

Warned retailers against the risks caused by ‘memory-parsing’ malware.

By CBR Staff Writer

The Federal Bureau of Investigation has warned the US retailers to be prepared to face more cyber-attacks following Target data breach.

The federal agency warned retailers against the risks caused by ‘memory-parsing’ malware, used against US retailer ‘Target’ attacks last year, which can exploit card swiping machines and other point of sales (POS) systems.

FBI’s ‘Recent Cyber Intrusion Events Directed Toward Retail Firms’ report was cited by Reuters as saying that the POS malware crime will continue to grow over the near term, despite law enforcement and security firms’ actions to mitigate it.

"The accessibility of the malware on underground forums, the affordability of the software and the huge potential profits to be made from retail POS systems in the US make this type of financially motivated cyber crime attractive to a wide range of actors," the agency added.

In addition to Target, US retailer Neiman Marcus also reported of being victim of data breach after hackers pinched details of about 1.1 million customer cards.

However, security researchers at US-based cyber intelligence firm, IntelCrawler, revealed that Russian-developed code was behind Target data breach.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.