Sixty-store British kitchenware chain Lakeland Ltd. has been the target of a “sophisticated and sustained cyberattack, the company told customers in an e-mail message.
While it was unclear whether the attackers had stolen any personal information on customers, they did manage to access two encrypted data bases.
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The company deleted customer password data and told users to reset their passwords on their next visit. The company also warned users to change their passwords on other sites if they used the same password.
“Hacking the Lakeland site has taken a concerted effort and  considerable skill,” the company wrote to customers. “We only wish that those responsible used their talent for good rather than criminal ends.”
The attack exploited a recently discovered vulnerability in the company’s server-side Java software, though it did not identify the vulnerability.
“Quite what Java vulnerability Lakeland is referring to isn’t currently clear, but add it to the pile of reasons (if you needed any more) why you probably want to keep as far away from that vulnerability-ridden technology as possible,” wrote security consultant Graham Cluley in his blog.

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The Evolution of Vendor Risk Management in Financial Institutions
The financial services industry has long been a pioneer in developing risk management practices. As third party data breaches have increased in recent years, regulators and organizations have moved from relying solely on static questionnaires and assessments, to continuously monitoring the security of vendors.
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