August 24, 2016
Report: Payment Card Data, Magento Merchants Favored Targets of Hackers
April 25, 2016
While the largest data breaches in terms of number of records compromised of the past year (i.e., Ashley Madison, U.S. Office of Personnel Management and Anthem) did not involve exposed payment card information, that type of data was targeted in the most breaches, according to a new report. The 2016 Trustwave Global Security Report said 60 percent of the breaches it investigated targeted payment card data. Of those, 29 percent were attempts to steal card data from e-commerce environments vs. 31 percent that targeted information as it passed through POS systems.
While those huge breaches made headlines—and were one reason merchants began to see an uptick in account takeover fraud —Trustwave’s report underscored the fact that e-commerce retailers are still vulnerable—especially those using Magento’s e-commerce platform. Of the e-commerce breaches investigated by Trustwave last year, 85 percent involved merchants that used Magento.
The news wasn’t all bad, however. In 2015, 41 percent of data breaches were detected by the victims themselves compared to 19 percent in 2014.