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The first public disclosure of the point-of-sale malware known as Backoff was made last July by the U.S. Computer Emergency Readiness Team.

In a report released late last year, RSA confirms that Backoff, which targets mostly U.S. companies, has compromised more than 1,000 businesses. The malware harvests magnetically encoded data from credit and debit cards swiped at POS stations.

RSA recommends six mitigation steps:

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The data breach that hit Target in 2013 during the height of the holiday buying season sent shockwaves throughout the retail industry. While many assumed that the costs associated with the hack would be substantial, we now have a figure to put to the breach: $162 million, reports TechCrunch. The figure was shared by Target during its latest earnings call.

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Cyberthieves have pulled off a doozy of a hack on the financial services industry making off with an estimated $1 billion, according to findings from Kaspersky Lab. The hacks were estimated to have started in 2013 and still ongoing, reports the BBC.

The gang, which Kaspersky dubbed Carbanak, used computer viruses to infect company networks with malware including video surveillance, enabling it to see and record everything that happened on staff's screens.

In some cases it was then able to transfer money from the banks' accounts to their own, or even able to tell cash machines to dispense cash at a pre-determined time of day.

Kaspersky said on average each bank robbery took between two and four months, with up to $10m stolen each time.

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With the end of life for Windows Server 2003 approaching in July, now's a good time to revaluate your company's server software. If you're interested in seeing what's coming down the pike, ZDNet has a sneak peek of what Microsoft has planned for the next version of its server OS, Windows Server 2016.

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Not content with being a diversion or timesuck for employees who need a break during the workday, Facebook has decided it'd like to actually be viewed as a viable work tool by companies. TechCrunch reported on the news and launch of the company's newest app called Facebook at Work, which aims to provide its users with a workplace identity that can separately and harmoniously co-exist with users' personal identities. We'll have to wait and see if employers end up "Liking" this move from Facebook.

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