Ecrypt Technologies, Inc. (ECRY) Provides Enterprise Environments the Cyber Security They Need
Unbeknown at the time, last holiday season’s credit card security breach involving tens of millions of Target customers began with a malware-laced e-mail phishing attack sent to employees at Fazio Mechanical Services, Inc., an HVAC firm that was contracted for electronic billing, contract submission, and project management with the nationwide retailer. The Wall Street Journal reported that financial institutions in the case of the Target breach have spent more than $200 million to ease consumer concern while spending $172 million alone just to replace cards that have been compromised. Post breach costs to rectify resulting, adverse issues associated with it…