Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home CRM Systems Customer Service Business Intelligence Sales & Marketing More Topics...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
World Wide Web
Tame your scariest paperwork. Find Out How
Average Rating:
Rate this article:  
Task Force: Retail Cyberattacks Not Coordinated
Task Force: Retail Cyberattacks Not Coordinated

By Pete Yost
February 12, 2014 9:29AM

Bookmark and Share
Amid cyberattacks on retailers such as Target and Neiman Marcus, the National Cyber Investigative Joint Task Force says there is no evidence of a coordinated attack on the U.S. economy, but still the implications of the retail attacks and the economic impact to private business and individual citizens cannot be overstated.
 


A multi-agency government task force looking into cyberattacks against retailers says it has not come across evidence suggesting the attacks are a coordinated campaign to adversely affect the U.S. economy.

In a two-page report, the National Cyber Investigative Joint Task Force says the global implications of the retail attacks and the economic impact to private business and individual citizens cannot be overstated.

The report obtained by the Associated Press does not identify the retailers by name, but it comes after recent attacks on Target and Neiman Marcus.

The task force document says it is tracking and coordinating cyber investigative information among government agencies and industry partners concerning the use of Kaptoxa, a type of malware that compromises payment information systems, and other related malware by criminal elements.

The report is the combined effort of the FBI, Secret Service, intelligence agencies, and the Department of Homeland Security.

"Bringing all of the government's knowledge together to date, the report demonstrates there is no evidence of a coordinated effort -- whether by criminal groups or nation states -- to harm the US economy," said Steve Chabinsky, a cyber expert with cybersecurity technology firm CrowdStrike who spent 15 years with the FBI. "Plain and simple, whoever did this just wants to make a whole lot of money."

Chabinsky said he has an unclassified copy of the report. He said it is an effort by the government to reach out to the entire retail industry expressing the government's concern that if these intrusions are allowed to continue, the unintended consequences could have global economic impact.

"The outreach to retail is fairly unique," said Chabinsky. "They're encouraging the retail industry to become part of the information sharing process. Retailers are used to standard losses, but this impacts not only a few individual companies, but potentially a wave of organizations getting hit by the same type of exploit: the government is clearly taking it seriously."
 


© 2014 Associated Press/AP Online under contract with NewsEdge. All rights reserved.
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 World Wide Web
1.   FCC Defends Internet Traffic Proposal
2.   Google Maps, Now with Time Travel
3.   NYPD Twitter Campaign Backfires
4.   Net Gets Faster, But Easier to Attack
5.   Verizon Report Exposes Cyberthreats


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Tech Giants Fund Initiative To Prevent Future Heartbleeds
Can more funding prevent Heartbleed vulnerabilities in future open-source software? A new Core Infrastructure Initiative at the Linux Foundation is attempting to find out.
 
What Verizon's Data Breach Report Can Teach Enterprises
It’s probably not a jaw-dropper, but cyberespionage is officially on the rise. And the use of stolen or misused credentials is still the leading way the bad guys gain access to corporate information.
 
Top Cyberthreats Exposed by Verizon Report
Beyond Heartbleed, there are cyberthreats vying to take down enterprise networks, corrupt smartphones, and wreak havoc on businesses. Verizon is exposing these threats in a new report.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Business Intelligence | Sales & Marketing | Contact Centers | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters | XML/RSS Feed

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.