Neiman Marcus faces cyber attacks

Neiman Marcus faces  cyber attacks

Neiman Marcus has become the latest victim of an online hacking attack by criminals in the US. The retailer said that customers' credit cards were compromised in the cyber attack

The retailer said that it was informed in December that its systems might be breached by online criminals. The company said that it has taken steps to contain the breach and to boost the security of its systems to avoid breaches. The recent attacks on US retailers call for better security system for card processing. Also, credit and debit cards should be replaced with encrypted chips instead of magnetic strips.

"On January 1, the forensics firm discovered evidence that the company was the victim of a criminal cyber-security intrusion and that some customers' cards were possibly compromised as a result," Neiman Marcus spokeswoman said in an email statement.

Ginger Reeder, a spokeswoman for Neiman Marcus stores said that is it too early to know how many customers were affected in the breach. The retailer has informed federal law enforcement agencies and is working with the U. S. Secret Service.

For better security, Point of Sale will have to change their system to accept cards with encryption. Also, companies have been urged to keep their servers secure for hacker attacks.

The breach comes just after a major breach at another retailer, Target in which criminals were able to access credit and debit card data of as many as 70 million people. Earlier, Target Corp had reported that hackers stole 40 million cards information.

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