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May 20, 2024

On the web

May 14, 2021

On the web

Hackers Using Text Messaging to Target Retailers

PaymentsSource

“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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