Neiman Marcus | Breaking Cybersecurity News | The Hacker News

Western landscapes are facing a hell lot of data breaches started with Target , Neiman Marcus and now country's largest crafts chain ' Michael's Art and Crafts ' may be is the latest retailer hit by a security breach. In a statement, Irving, Texas-based company acknowledged a possible data security breach that may have affected its customers' payment card information at its 1250 stores across the United States and Canada. They also announced that it is working closely with federal law enforcement and is conducting an investigation with the help of third-party data security experts to establish the facts. " Michaels said in its statement that it had "recently learned of possible fraudulent activity on some US payment cards that had been used at Michaels, suggesting that the company may have experienced a data security attack " company said . CEO Chuck Rubin said that the company has not confirmed a breach, but wanted to alert customers: ...

The TARGET Hack was not the only massive Data breach that happened during the last Black Friday, but also other three major US Retailers were also hacked. Recently, Neiman Marcus also confirmed a data breach that involves Credit card theft from its customers during the holiday shopping season, using similar techniques to the one that penetrated Target last month. Neiman Marcus has 79 stores and reported total sales of $1.1 Billion in the Q4 2013. Neiman Marcus revealed that its customers are at risk after hackers breached servers of the company and accessed the payment information of those who visited its stores. The company is working to inform customers whose cards have been used for fraudulent purchases, but differently from the case of retailer Target, the company hasn't provided information on the nature of data leaked and on the number of customer records exposed. Neiman Marcus spokesperson Ginger Reeder announced that the company does not yet know the cause, size or dur...

In recent years, artificial intelligence (AI) has begun revolutionizing Identity Access Management (IAM), reshaping how cybersecurity is approached in this crucial field. Leveraging AI in IAM is about tapping into its analytical capabilities to monitor access patterns and identify anomalies that could signal a potential security breach. The focus has expanded beyond merely managing human identities — now, autonomous systems, APIs, and connected devices also fall within the realm of AI-driven IAM, creating a dynamic security ecosystem that adapts and evolves in response to sophisticated cyber threats. The Role of AI and Machine Learning in IAM AI and machine learning (ML) are creating a more robust, proactive IAM system that continuously learns from the environment to enhance security. Let's explore how AI impacts key IAM components: Intelligent Monitoring and Anomaly Detection AI enables continuous monitoring of both human and non-human identities , including APIs, service acc...