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Target security breach incident
Target security breach incident
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Target Security Breach
Hacking into large companies or agencies to steal one’s card information has become simple. Lewis (2013) says that, “Hacking is incredibly easy; survey data consistently shows that 80 to 90 percent of successful breaches of corporate networks required only the most basic techniques“(p. 1). On November 27, 2013, Target’s security was breeched when forty million credit and debit cards were stolen. The breach lasted from November 27 to December 15, 2013.
The security breach involved most of the Target stores in the U.S. Along with the card numbers, debit card pins, buyer’s names, and personal information were stolen as well. Some customers filed a lawsuit against Target for “failing to protect customer data.” (Demarche, 2013. p.1). Later, Target CEO Steinhafel stated, “I know that it is frustrating for our guests to learn that this information was taken, and we are truly sorry they are having to endure this.” After Steinhafel issued his apology he doubled the amount of employees to take phone calls from customers, as well as give a ten percent discount to those who shopped on the 28th and 29th of December.
With Target handling the security breach as best as they could, investigators and the Department of Justice are trying to figure out how the security breach happened. Upon investigation, it is believed that “the data was obtained via software installed on machines that customers use to swipe magnetic strips on their cards when paying merchandise…”(Reuters, 2013. p.1). Even though investigators provided the theory above, they are still unsure of how the cyber criminals were able to take so many card numbers from almost all the Target stores. The investigators and feds are still looking into how and who stol...
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Johnson, K., (February 11, 2014). Feds investigating Target data breach. Retrieved fromhttp://www.usatoday.com/story/money/business/2014/01/29/target -data- breach-holder/5024739/
Lewis. J., (February 12, 2013). Raising the bar for cybersecurity. Retrieved from http://www.serc1.org/Documents/CIPC%20(Critical%20Infrastructure%20Protect ion%20Committee)/Articles%20for%20Awareness/Raising%20the%20Bar%20fo r%20Cybersecurity%20-%20White%20Paper.pdf
Reuters., (December 18, 2013). Target customers hit in major credit card security breach. Retrieved from http://www.cbsnews.com/news/taget-customers- hit-in- major-credit-card-security-breach/
Weisbaum, H., (December 27, 2013). 5 Lessons learned from Target security breach. Retrieved from http://www.today.com/money/5-lessons-learned-target- security-breach-2D11803343
For example credit card transactions and security breaches have occurred which have cost the company million of dollars. Target Corporation must do a better job of securing its data to prevent future loss in profit, sales, and stock values.
The Chairman, President, and CEO Gregg Steinhafel apologized to all Target customers, shared in their frustration, and stated the company is thoroughly investigating the data breach. Steinhafel confirmed that the customers have zero liability for any
Target moved away from introducing new products and selling products that made them unique. Target’s offerings became more commonplace, offering more items like food and other consumer staples. The once famous marketing strategy Target used to lure in customer looking to spend $20 on the basics and leaving with $100 in impulse purchases was put on hold. Target’s senior leadership team is strong. So strong they felt comfortable complaining about his predecessor to the board of directors, and issuing an ultimatum: Gregg Steinhafe leaves, or we
Issa utilizes statistics to suggest ideas. He says, “The Office of Personnel Management’s security breach resulted in the theft of 22 million Americans’ information, including fingerprints, Social Security numbers, addresses, employment history, and financial records” (Issa). Issa also adds that, “The Internal Revenue Service’s hack left as many as 334,000 taxpayers accounts compromised‑though just this week, the IRS revised that number to o...
Target’s collection and possible sale of private information could go against basic principles of confidentiality since people trust that they are not revealing information that is confidential. One expects that their personal information is protected and not just provided to anyone who is willing to pay for it. At the same time, people expect Target not to be buying influence ...
Like their competition, Target has made many changes over the years when it comes to their products and services. In order to meet the ever changing environment and ever changing customer needs Target has not only increased the...
Founded in 1962 by George Dayton of the Dayton Corporation, the first store was opened in Roseville, Minnesota, and served as the prototype for all Target stores opened since then and changed how consumers thought about discount shopping.1 Each store was designed with the customer in mind; the founders of Target realized that the appeal of clean, organized, and well-designed stores would set them apart from all others in the industry. In every store, related departments are conveniently placed next to each other. In 2000 the company was renamed the Target Corporation and now has over 1300 stores in 47 states, including more than 140 SuperTarget stores, as well as a consumer-friendly website. Many stores now have a pharmacy and Club Wedd and Target Baby gift registries. SuperTarget stores even have a separate side devoted to groceries. The corporation also offers the Target Visa Credit Card and the Target REDcard, which is a credit card that can only be used in Target stores or through the website.
Identity theft has been a major issue of privacy and fraud. In the data breach analysis from the Identity Theft Resource Center (2013), the number of data breaches from the year 2005 to 2012 increased. In 2012, there had been 49% where the data breach exposed people Social Security Number. The data breach of 2012 has a rate of 27.4% caused by hackers. These breaches were commonly from 36.4% businesses and 34.7% health and medical (Identity Theft Resource Center 2013). The number of identity theft varies from physical possession to digital possession. At least one-fifth of trash cans contains papers listing people’s credit card number and personal information. People that throw away their trash mails contain much personal information that is useful to steal someone's identity (Davis, 2002). Technology becomes a need where people use it daily and as a result it has also become a use for identity theft as well. Throughout the years as technology develops so does identity theft. This paper shows the types, methods and technique used for identity theft, and it also examines possible risk of identity theft from current technology.
The Target Corporation formerly known as “The Dayton Dry Goods Company” is a major retailing company that was founded in 1902 in Minneapolis, Minnesota by George Draper Dayton. It is ranked the second largest discount retailer in the United States and ranked thirty- sixth on the Fortune 500 as of 2013. The Target Corporation has been serving this nation with the best price possible goods since their expansion from “Dayton” and is continuously winning the hearts of consumers with their dedication and service. A phenomenal merchandising strategy and cross channeling has enabled this upscale discounter to serve their purpose of customer loyalty and fulfill their promise of “Expect more and Pay less”.
Nowadays, hacking systems which get the data from payment card in retail stores is a popular issue. The use of stolen third-party vendor credentials and RAM scraping malwares were the main reasons for the data breach. A brief introduction of when and how the Home Depot’s data breach took place and how the home depot reacted to the issue and rectified it by
Background As the nation was changing in the 1962 so was the idea of the supermarket, taking hold was a new competitor. A new store entered the market in the small town of Roseville, MI called Target. Target since its beginning has been committed to being a “one-stop shopping experience” for its customers across the world (Target, 2015). Over the years, Target has grown across the U.S. with 1795 stores, 38 distribution centers and 348K employees (Target, 2015).
In December 2013, Target was attacked by a cyber-attack due to a data breach. Target is a widely known retailer that has millions of consumers flocking every day to the retailer to partake in the stores wonders. The Target Data Breach is now known as the largest data breach/attack surpassing the TJX data breach in 2007. “The second-biggest attack struck TJX Companies, the parent company of TJMaxx and Marshall’s, which said in 2007 that about 45 million credit cards and debit cards had been compromised.” (Timberg, Yang, & Tsukayama, 2013) The data breach occurred to Target was a strong swift kick to the guts to not only the retailer/corporation, but to employees and consumers. The December 2013 data breach, exposed Target in a way that many would not expect to see and happen to any major retailer/corporation.
Your identity is unsafe in more places than you may realize. Every store you walk in has the possibility or either having someone behind the counter, or someone hacking into a business from outside, readily waiting to steal your identity. Using your credit card in any store is never safe no matter what signs are posted around the store, or how big the company is; it’s not always the people who work there that want your identity. The article Identity theft growing, costly to victims in The Arizona Republic, J. Craig Anderson ...
One of Target’s goals is to provide more organic foods. Target is aware of how society is shifting their interest towards organic foods and health. Another one of Target’s goals is to reduce water waste by 10 percent in 2015, whih was met in 2014 by 13.1% (Target Corporate). The company is aware of the possible damage that water waste can cause to the environment and is actively working to prevent them. So far, Target has not had much attention surrounding their social responsibility, but there was one incident in December of 2013 where data of at least 70 million customers were leaked (Target Corporate). This breach allowed criminals to access credit card and debit card information. There is an entire FAQ page on the corporate website answering any questions or concerns that customers may have. Target has recently agreed to a $10 Million settlement in the lawsuit that came after the data breach, in which people will have to provide proper documentation showing their losses during the hack (Parks). Despite this compensation, some customers may not be comfortable shopping at Target
The advent of technology, in the form of credit card, brought in convenience and made life simpler for us, but along with it came the Pandora’s Box. While credit cards have made life easy for us, they have also managed to make life easy for the crooks. While enabling us to purchase things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to guzzle away money that is not truly theirs.