Cyber-Crime Alert: 160 Million Affected in 8-Year Super-Hack

A lot's been said about "cyber crime" in the corporate landscape over the past few years, including a recently released report suggesting that online criminal activities cost the U.S. economy $100 billion per year. But nothing speaks louder than the government's most recent announcement, which details how more than 160 million consumers were affected in what The Wall Street Journal is calling "the biggest hacking scheme ever prosecuted" on U.S. soil. Watch as Motley Fool analyst Lyons George discusses how companies such as J.C. Penney and 7-Eleven fell victim to a $300 million super-hack.

The retail space is in the midst of the biggest paradigm shift since mail order took off at the turn of last century. Only the most forward-looking and capable companies will survive, and they'll handsomely reward investors who understand the landscape. You can read about the 3 Companies Ready to Rule Retail in The Motley Fool's special report. Uncovering these top picks is free today; just click here to read more.

 

The article Cyber-Crime Alert: 160 Million Affected in 8-Year Super-Hack originally appeared on Fool.com.

Lyons George and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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