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Target Says Data Breach Affected Over 70 Million Customers

Friday, January 10, 2014 - 9:06 AM
From Reuters:
Target Corp said up to 70 million customers were hit by the theft of data over the holiday shopping season, a far more serious breach than previously disclosed.

The third-largest U.S. retailer said in December that hackers had stolen data from up to 40 million credit and debit cards between November 27 and December 15, the second-largest such breach reported by a U.S. retailer.

The news raised concerns that Target had not yet fully grappled with the extent of the data breach. "I think they still have no idea how big this is," said David Kennedy, a former U.S. Marine Corps cyber-intelligence analyst who runs his own consulting firm, TrustedSec LLC. "This is going to end up being much larger than 70 million and end up being the largest retail breach in history," said Kennedy, who has experience investigating retail breaches.
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pearlbrownpearlbrown1,479 posts since
Nov 2, 2010
Rep Points: 6,432
1. Friday, January 10, 2014 - 9:48 AM
Their share holders don't seem too concerned about it...

"Target shares were little changed at $63.25."
ShorebreakShorebreak2,692 posts since
Apr 6, 2010
Rep Points: 14,596