Cosmetics firm Lush had their Australian and New Zealand websites hacked this week. Only last month their UK website was hit. All these websites are currently down and they reckon it will be months before they are trading online again. They are in the embarrassing position of going to customers to tell them to change their credit cards. A high price to pay for a bar of soap!
Mark Lewis, one of the founders of IP Payments, says in today’s BTalk podcast that they almost certainly didn’t meet PCI DSS compliance — a worldwide data security standard applied by the Payment Card Industry. Failing to meet the standards can attract hefty penalties from the credit card providers, not to mention the damage to your brand when a security breach occurs.
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Water for a Big Australia
The Water Services Association of Australia predicts by 2056 urban water demand will have increased by 76 percent. Where will all this water come from?
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10 Ways To Reduce Your Debtors Level
Mike Rich from Attache Software says alarm bells should be ringing if your average debtor days is 50 percent over your trading terms. He provides advice on how to rein it in.
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Will strong jobs numbers add to the Fed’s battle tonight?
Bond yields keep rising, as positive economic data shows how much work has to be done by central banks. That’s why NAB’s Ken Crompton says softer jobs data tonight could see yields fall more than the response to a stronger set of numbers.
