article thumbnail

Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218
article thumbnail

Deep Dive: How Online Retailers Kept Fraudsters From Having A Merry Little Christmas

PYMNTS

The holiday shopping season is the most wonderful time of the year for the retail industry. Brick-and-mortar merchants and online retailers alike often rely on end-of-year sales to generate up to 40 percent of their annual revenues and start the new year on a positive note. A notable $730 billion in U.S.

Retail 159
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wine For The Win: Consumers Stock Up With Online Retail

PYMNTS

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. With sales of $3.2

Online 164
article thumbnail

Federal Workers Allowed To Purchase Supplies From Online Retailers

PYMNTS

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

Online 149
article thumbnail

Things worth reading: 29th May 2019

Chris Skinner

885 Million Records Exposed Online: Bank Transactions, Social Security Numbers, and More HSBC plans retail wealth headcount boost; eyes Singapore expansion Global … The post Things worth reading: 29th May 2019 appeared first on Chris Skinner's blog.

Retail 247
article thumbnail

J.Crew Reveals Online Accounts Were Hacked In 2019

PYMNTS

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Although the attack occurred in 2019, the company only now revealed that an unknown number of customers had been affected by the attack.

Online 182
article thumbnail

JPMorgan Forecasts Record Online Holiday Shopping Season

PYMNTS

The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. with 2019 transaction volume exceeding $1.5 Because of the pandemic, shoppers shifted to online shopping for both discretionary goods and everyday spending. As the No. trillion, J.P.

Online 288