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Data breaches up 15%

BY DSN STAFF
If Yahoo’s data breach announcement yesterday is any indication, cyber-attacks are more prevalent than ever — and gaining momentum.
 
In fact, data breaches increased 15% in the first six months of 2016, compared with the last six months of 2015, according to the “Breach Level Index.” The report, from Gemalto, is a global database that tracks data breaches and measures their severity based on multiple dimensions, in-cluding the number of records compromised, the type of data, the source of the breach, how the data was used, and whether or not the data was encrypted. 
 
Data revealed that the retail industry specifically accounted for 11% of data breaches in 2016. In some good news, incidents declined 6% versus the previous six months, and accounted for 3% of compromised data records, the report said.
 
Data revealed that more than 4.8 billion data records have been exposed since 2013. To date, worldwide, there were 974 reported data breaches, and more than 554 million compromised data records in the first half of 2016, compared to 844 data breaches and 424 million compromised data records in the previous six months. In addition, 52% of the data breaches in the first half of this year did not disclose the number of compromised records at the time they were reported, the report said.
 
“In this increasingly digital world, companies, organizations and governments are storing greater and greater amounts of data that has varying levels of sensitivity,” said Jason Hart, VP and CTO for data protection at Gemalto. “However, the failure of organizations to protect sensitive personal information and identities is a growing problem that will have implications for consumer confidence in the digital services and companies they entrust with their personal data.”
 
For the first six months of 2016, identity theft was the leading type of da-ta breach, accounting for 64% of all data breaches, up from 53% in the previous six months. Malicious outsiders were the leading source of data breaches, accounting for 69% of breaches — up from 56% in the previous six months.
 
“More focus needs to be on understanding what really constitutes sensi-tive data, where it is stored, and using the best means to defend it,” Hart said. “At the end of the day, the best way to protect data is to kill it. That means ensuring user credentials are secured with strong authentication, and sensitive data is protected with encryption so it is useless to the thieves.”

 

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Fred’s campaign raises more than $300K for Children’s Miracle Network

BY David Salazar
MEMPHIS, Tenn. — Fred’s Pharmacy on Friday announced that its annual spring campaign raised $330,000 for Children’s Miracle Network (CMN) Hospitals. Fred’s said its customers donated money for 39 CMN Hospitals across the country. 
 
“We’ve seen firsthand how a $1 donation can make a difference in the lives of children,” Fred’s EVP store operations John Foley said. “Our decade-long partnership with Children’s Miracle Network Hospitals has enabled us to directly support the children in our local communities who need it the most.”
 
From Feb. 28 to April 9, Fred’s stores offered its customers a discount coupon for popular products in exchange for a small donation to CMN Hospitals. Since the two organizations began their partnership in 2006, Fred’s has raised more than $6 million for CMN Hospitals. 
 
“Without the dedication and commitment of our loyal partners, CMN Hospitals wouldn’t be able to bring greater awareness to and help provide local kids with the best medical care possible,” CMN Hospitals president and CEO John Lauck said. “Through our partnership Fred’s Pharmacy, the funds raised have resulted in changed lives for the children CMN Hospitals serves.” 
 
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Study: Online growth to remain modest this holiday season

BY DSN STAFF
E-commerce may lose some appeal among shoppers this holiday season.
 
While some industry analysts are predicting more than 15% increases in e-commerce growth during the 2016 shopping season, NetElixir’s “2016 Holiday Outlook” report predicts that e-commerce growth may only hit 11%. This conservative gain is being blamed on earlier-than-usual promotions and purchasing of holiday gifts; retailers’ use of online marketplaces rather than exclusively selling directly on their sites, and the uncertain political environment.
 
“Our projections for this holiday season indicate that retailers shouldn’t expect this year to bring in the same types of gains that the past few years have brought,” said Udayan Bose, founder and CEO of NetElixir. 
 
The report indicated that is a surge in mobile commerce will also impact ecommerce. Specifically, mobile shopping is expected to drive more than 35% of last-click conversions this holiday season. As always, Amazon also remains a competitive threat, especially as the pure play retailer could claim between 28% and 30% of holiday sales this year — a jump from 26% in 2015, the report said.
 
“Between the ecommerce slowdown, an uptick in mobile purchases, and Amazon taking a larger share of the season, retailers should be aligning their digital marketing efforts to match consumers’ attention and interests,” Bose said. “Catching a consumer on the right device at the right moment and time is of the utmost importance, and will help retailers to have a more fruitful holiday season.”

 

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