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May 20, 2024

On the web

May 14, 2021

On the web

Hackers Using Text Messaging to Target Retailers


“The most sophisticated cyberattacks can begin with something as simple as a text message. It’s more common in retail than in other industries for the attacker to use text messaging to trick a retail employee into initiating a money transfer, according to the 2021 Verizon Data Breach Investigations Report… With criminals motivated to seek retail targets as a way to cash in on exposed payment card data and personal information, Verizon cited system intrusion, social engineering and basic web application attacks as being the most common in 77% of the retail breaches. Through the work of 83 contributing organizations, the Verizon investigators analyzed 79,635 security incidents across various industries, of which 29,207 met standards for further research — with 5,258 being confirmed breaches highlighted for data in this year’s report.”

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