Sally Beauty Holdings, Inc. (NYSE:SBH) Claims Malware Used On Point-Of-Sale Systems In March And April

Sally Beauty Holdings, Inc. (NYSE:SBH) revealed that its data had been compromised through malware found in a few of its point-of-sale systems in March and April.

The beauty cosmetics retailer released the statement citing possible dangers resulting from the malware. So far, it is not clear the extent to which the information has been affected or the manner in which the malware has exposed the company’s details. It is also not clear who placed the malware in the system and what its agenda was.

Sally Beauty Holdings claims that some credit card information might have leaked, putting the owners at risk. Despite the risk factor, the company stated that the situation is not as bad as it seems. The firm does not gather or save access code information, and thus client pin codes were most likely not exposed.

In response to the threat, the cosmetics company is taking extra measures to ensure client protection. The Sally Beauty Holdings will provide credit monitoring services to all the clients who were possibly affected. That narrows down the list to all the clients who used their cards to pay for services in stores within the U.S. from March 6 to April 17.

The incidence is currently being investigated, and the company hopes that further information will come to light. There is a possibility that the malware might have been installed for some other agenda. Hopefully, that is not the case.

Cybercrime regularly targets high profile retail companies in attempts to use their data to steal large sums of money or mess with their systems. In 2014, Home Depot Inc (NYSE:HD) faced cyber-attacks that disrupted 56 million credit card accounts.  Target Corporation (NYSE:TGT) in 2013 where hackers acquired data from 140 million credit cards.

The cyber crime waves have resulted in the call for credit card dealers to upgrade their terminals so that they can only admit cards that have embedded computer chip. This makes it harder for credit card thieves to copy, thus improving the level of security.

 

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Standley Adam

Standley Adam

Adam is a staff reporter for US Markets Daily Publications & Media, covering foreign affairs and domestic policy.