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Forever 21, a popular clothing retailer, confirmed this week that a #databreach occurred between April and November of 2017 via infection to a POS system (Point of Sale). Unfortunately, Forever 21 was not notified of the breach until November, which results in potentially millions of their customers at risk as the hackers were targeting credit card information.

As expected, #Forever21 hired an investigation team to learn more about the #cyberattack. The security firm confirmed the malware was designed to search for and likely steal sensitive customer credit card data, including credit card numbers, expiration dates, verification codes and, in some cases, cardholder names. According to the report, Forever 21 has been using encryption technology since 2015 to protect its payment processing systems, but during the investigation, the company found that some #POS terminals at certain stores had their encryption switched off, which allowed hackers to install the malware.

Evolve MGA cyber policy, EVO 3.0, covers policyholders in the event their cloud data is hacked, lost, or stolen. Contact us to learn more about buying a policy before an event happens to your business.

To read more about this hack attack, check out The Hacker News for the full story.

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