Ending Soon! Save 33% on All Access

Target, Neiman Marcus Credit Card Hacks Could Be More Widespread, Experts Say Agencies warn that malicious software that targets POS units has 'potentially infected a large number' of retailers.

By Jason Fell

Opinions expressed by Entrepreneur contributors are their own.

Some 70 million customers at Target had their credit card and other personal informational stolen by hackers. Many more have apparently been compromised at Neiman Marcus stores. But this could just be the tip of the iceberg, official security agencies say.

Dallas-based cyber threat intelligence firm iSIGHT Partners, working with the U.S. Secret Service, says it has determined that malicious software has "potentially infected a large number of retail information systems." The U.S. Department of Homeland Security was also involved in the report.

The software, originally created in March 2013 and called KAPTOXA, is more commonly referred to now as BlackPOS.

The agencies warn that any retailer with point-of-sale units could be at risk. They urge business owners who believe they have been hacked to immediately contact their local U.S. Secret Service Field Office/Electronic Crimes Task Force.

Related: Target's Security Breach Stresses the Need for Better Cyber Security

The work of a Russian teenager?

It turns out the person who created the malicious software behind the attack on Target -- and possibly a similar attack on fellow retailer Neiman Marcus -- might have been identified as a 17-year-old teenager in Russia.

Los Angeles-based security firm IntelCrawler recently published a report identifying the person who created the malicious software as a 17-year-old with "roots in St.Petersburg" in Russia. After creating it, the teenager is said to have then made it available to others over the internet.

While the Russian teenager is said to have written the code, IntelCrawler did not allege that the teen was involved in the actual hack of Target or Neiman Marcus.

Meanwhile, internet security blogger Brian Krebs -- who first broke the story about the Target hack -- has reportedly disputed the accuracy of IntelCrawler's report about the Russian teen. "We don't think we are wrong," IntelCrawler president Dan Clements told USA Today.

Related: Uh, Did Your Refrigerator Just Send Me an Internet Virus?

Jason Fell

VP, Native Content

Jason Fell is the VP of Native Content, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Business News

He Picked Up a Lucky Penny In a Parking Lot. Moments Later, He Won $1 Million in the Lottery.

Tim Clougherty was in for a surprise when he scratched off his $10,000-a-month winning lottery ticket.

Business News

A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit

Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Business Culture

How to Foster a Strong Culture With a Remote or International Workforce

A strong culture requires an intentional approach when teams aren't in the office.