These are the attacks that make headlines, and for good reason: They’re sophisticated, brazen, and sometimes downright scary.
But if 2011 was “the year of the hacktivist,” as Forbes proclaimed, every year is the year of the run-of-the-mill cybercriminal. For at least a decade, organized crime groups around the world, but particularly in Eastern Europe, have been honing their hacking skills in a bid to capture our credit card and bank account numbers. Increasingly, they’re targeting restaurant franchises and other small businesses by hacking their point-of-sale checkout systems, which are often woefully insecure. And, as the Verizon report shows, they’re getting better at it all the time.
Restaurants were easily the most-targeted businesses, accounting for over half of all reported attacks. Retail stores were second, at about 20 percent. The findings are consistent with those of a similar report released earlier this year by Trustwave, an information security company, which found that the food and beverage, retail, and hospitality industries combine to account for 80 percent of data breaches.
“GuestLogix’ success in helping create lucrative onboard ancillary revenue programs for our customers is what drives us to bring the most advanced technology to market,” said Tom Douramakos, President and CEO of GuestLogix. “As airlines grow their onboard retailing programs, the need to process transactions more securely and faster requires technology such as the new XPDA-SP to support this.”
They’re already big in Europe and some emerging markets for paying at checkout. But the U.S., still largely using magnetic swipe cards, is behind the curve.