PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Retailers Can Learn From South Carolina's Data Breach

By Mercator Advisory Group
December 10, 2012
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Boxing gloves hanging nailed to wall as concept of retirement

Boxing gloves hanging nailed to wall as concept of retirement

StoreFront BackTalk had a post last week from frequent contributor Walt Conway of 403Labs. The post covers three lessons State administration in South Carolina learned through the process of dealing with the data breach discovered in October, and how those lessons might be applied to the retail business. Two important details regarding the breach: the bad guys gained access to State tax systems through malware attached to a phishing message, and the head of the State’s Department of Revenue will resign as a result.

From StoreFront BackTalk:

Lesson #1: Don’t Skimp on Training. Training can’t prevent every social-engineering or spam attack from being successful, but effective training (and enforcement) can go a long way in reducing the effectiveness of such attacks. Such malware-laden E-mails tend to increase after natural disasters and during the holidays. We can expect to receive a few “click on this great Santa video” E-mails, so it may be a good time to reinforce the training with all your employees.

Lesson #2: Strong User Authentication is Your Friend. Two-factor authentication is not the same as multiple passwords. It means using two completely separate methods of identification, from among the following: Something you know (user ID and strong password); something you have (e.g., token or other physical device); or something you are (fingerprint or handprint).

Lesson #3: Protect Your Sensitive Data. A lot of South Carolina’s problems might have been eliminated had the data been protected with strong encryption accompanied by solid key management procedures.

Click here to read more from StoreFront BackTalk. Click here to read more from USA Today about the breach.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    small business credit card

    What Banks Get Wrong About Small Business Credit Cards

    April 1, 2026
    embedded payments

    Embedding Payments for Growth: How ISVs Can Scale Through Vertical Focus and Partnerships

    March 31, 2026
    ACH fraud monitoring

    From a Checkbox to a Differentiator: Redefining ACH Fraud Monitoring

    March 30, 2026
    Digitization and Multi-Brand Cards: Prepaid Trends. Bancorp Bank prepaid card fees, Bitpay Prepaid Card, mobile prepaid debit cards, prepaid cards for councils

    Turning a Prepaid Card into a Long-Term Relationship

    March 27, 2026
    payments fraud, faster payments fraud, financial fraud

    The Emotional Toll of Financial Fraud

    March 26, 2026
    hyperliquid

    What Hyperliquid Reveals About the Future of Trading

    March 25, 2026
    Modernizing Payments modernizaion

    Modernizing Payments: Tackling the Toughest Tech Challenges

    March 24, 2026
    fintech bank data

    The Growing Data Battle Between Banks and Fintechs

    March 23, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result