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Target security breach incident
Target security breach incident
Target security breach incident
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It is without a doubt one of the greatest retail security ruptures ever. Weeks after the cyber hack initially occurred, Target at long last recognized the rupture on December 19. The genuine inquiry is the reason this basic issue remained unreported for all nowadays. In the event that announced before, clients could've taken suitable wellbeing measures to keep their data from being abused. There are 1797 target stores in the US so it's a great deal of volume of information to ensure. The organization didn't make sense of the assault without anyone else, rather it was advised with charge card processors who watched a surge in beguiling exchanges from the Mastercards that were beforehand utilized particularly at Target. It is as yet a mystery
for the Investigators that how the assault occurred, together with whether it was a frail spot at Target's network or the hack happened through Mastercard administrations sellers. One hypothesis guarantees that the aggressors slithered their way into Target's corporate through an outsider merchant that ended up being a refrigeration contractual worker named Fazio Mechanical. Through a phishing email, programmers could trick no less than one of Fazio representatives and accessed organization's login qualifications. This wasn't extremely troublesome for the programmers as the counter malware programming utilized by Fazio was an online variant that gave no ongoing insurance.
Target has many competitors in the market, and the level of competition is highly intense. Some of its main rivals are Wal-Mart stores, Home Depot and Costco Wholesale Corp. All of them produce similar products as well as offer almost the same services to their consumers. Naturally, the organization would need a strategy that helps it to stand out and to distinguish it from its competitors, thus, Target 's positioning was based on more than just pricing; it combined quality and style. This was the differentiation strategy that have always been applied since the launch of the organization.
Target stores, inc.is a sister company of Dayton Hudson Corporation and started in the year 1962 the same year as two other large retail stores Wal-mart and Kmart. Target has always operated with the motto “ Expect More and Pay Less” target is the third in the big three in U.S. falling behind Wal-Mart and Kmart.a major part of target's success comes from its ability to bundle bargain prices with fashionable name brand merchandise with excellent customer service. Dayton’s department store started looking into Target as a discount chain in the year of 1962 when the company saw a rising in public demand for lower priced merchandise in a family friendly and convenient environment. The name target along with the bulls eye logo were selected for the company's visual impact also to show that target aims at offering
Over a three week period in October 2002 a series of random sniper attacks paralyzed the Washington D.C. area. The shootings happened in in various establishments such as super markets, gas stations, restaurants and near schools turning normal tranquil areas into chaotic murder fields. There were no age group, gender or ethnicity that was safe, Victims were randomly selected and everyone was targeted. After the murderous spree, ten people were declared dead and several others wounded. The perpetrators were finally apprehended while they were sleeping at a resting spot and later identified as forty-one-year-old John Allen Muhammad and his seventeen-year-old Jamaican-American protégé, Lee Boyd Malvo.
Target, the nation's #2 discount chain, now operates more than 1,500 Target and Super Target stores in 47 states, as well as an online business called Target.com. Target and its larger grocery-carrying stores, Super Target, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. After years of struggling to turn around its Marshall Fields and Mervyns departments stores divisions, the discounter sold them both in 2004. Target also owns apparel supplier The Associated Merchandising Corp. and issues Target Visa and its proprietary Target Card (www.Answers.com/topic/target-corporation).
This report will be based on the Target Corporation, and will consist of two sections: 1) long-term financing policy and capital structure, and 2) an acquisition analysis. The first section will include: Target's most recent long-term financing decision; an analysis of the economic, business, and competitive background in which the financing occurred; Target's book value and market value; possible changes that would occur to Target's finance policy and capital structure if it was forced to consider re-organization and bankruptcy strategies; and finally discuss Target's international investment and financing opportunities, as well as foreign exchange risks.
Many experts agree that serial killers have a vision in mind of the type of victim they would prefer. This person would be chosen based on race, gender, physical characteristics, or some other specific quality; However the Beltway sniper victims had absolutely nothing connecting them. He was choosing his victims at random. This drove the city to chaos because millions of people feared they might be the next victim. This all started on the evening of October 2nd.
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.
James Barron’s “After 1920 Blast, The Opposite Of 'Never Forget'; No Memorials on Wall St. For Attack That Killed 30” explains that police only had theories that pandered to the time’s nationalist attitudes, blaming Italian anarchists. One anarchist, Mario Buda, supposedly staged the attack as revenge for what he deemed to be an unjust court decision. Earlier that year, the courts had indicted two Italian anarchists, Niccolo Sacco and Bartolomeo Vanzetti earlier, for their political affiliations, rather than concrete evidence. The pair had been believed to be the perpetrators of a shoe robbery incident that killed two civilians. Emerging months after the attack, the theory could never be verified with the corrosion of the physical evidence (par. 12-14). According to J. Michael Martinez’s Terrorist Attacks on American Soil: From the Civil War Era to the Present, others had ignored the attack altogether, believing that Wall Street was merely the site of the transportation of dynamite gone wrong
Target bank is called the Target National Bank. It is owned by the Target Corporations itself and all the receivables go into Target has approximately 1,600 million dollars worth of lines of credits from twenty five different banks, approximately half the worth of the line is used and is due back for payment June 2005, with an extension all the way up to June 2006. The other half of the payment is due June 2008. The expected long term rate of securities rate for October 31 2004 was 8.5 %.
Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. It sells its products through its stores and digital channels, including Target.com, and presently operates 1,826 stores. This report will focus on the capital structure of Target Corporation, discuss Target's most recent short-term and long-term financing decisions, give an analysis of the economic, business, and competitive background in which they operate, discuss Target's international investment and financing opportunities, review Modigliani and Miller’s capital structure theory as it relates to Target Corporation, and finally offer possible outcomes that would optimize Target's financial policy and capital
On 02-20-17 at 1809 hours, I was dispatched to the Target Store regarding a male being detained by Target Loss Prevention Officers for theft. Upon my arrival, I met with Target Loss Prevention Officer Oscar Medina who advised me of the following information in summary:
“Imagine if you woke up one morning, and found out that Walmart was now selling a device for $5 that could easily and instantly open almost any deadbolt lock. That’s right - the kind of lock that is supposed to give “extra protection” to just about every door on earth. That’s the magnitude of security problem posed by the Heartbleed Bug,” says Kevin Morris from the Electronics Engineering Journal (April 15, 2014). Heartbleed is a “security vulnerability uncovered in April 2014 that allows hackers to gain access to passwords and personal information,” states the Encyclopedia of Technology. This OpenSSL security flaw was discovered by the Finnish Network Security Firm, Codenomicon. It allowed for the extraction of information that was assumed to be secure from over 17% of all websites without leaving a trace. Some of the big names that were found to have this vulnerability were Google, Instagram, Tumblr, Gmail, Minecraft, and many other popular sites. In order to inhibit identity theft, all of the listed sites recommend their users change their passwords now that the problem has been alleviated. As a user of the World Wide Web, it is one’s responsibility to learn more about Heartbleed, in order to help protect one’s online identity and to make sure it is protected both now and in the future.
Roth, John, Greensburg, Douglas, and Wille, Serena (2004). National Commission on Terrorist Attacks Upon the United States- Monograph on Terrorist Financing, National Commission of Terrorist Attacks, Retrieved from http://www.9-11commission.gov/staff_statements/911_TerrFin_Monograph.pdf.
As I read the chapter I was thinking of a destructive behavior that I wanted to choose to work on to gradually eliminate it. However, I kept thinking to myself that sometimes one is not ready to change the behavior just yet. Therefore, if one does not have the motivation to change it becomes pointless to attempt in eliminating the destructive behavior. I mention this because I believe that change comes from within, so one ultimately has the control to facilitate that change. There were a couple of destructive habits that came to mind when attempting to perform this exercise. One in particularly is my obsession with online sneaker shopping. I tend to have a very difficult time controlling my spending when it comes to sneakers.
The threats to security from the United States Department of Defense, the national power grid and the Chamber of Commerce are very real and omnipresent. The Defense Department made an admission of the first major cyber attack upon its systems in August 2010. It was revealed that the attack actually took place in 2008 and was accomplished by placing a malicious code into the flash drive of a U.S. military laptop. “The code spread undetected on both classified and unclassified systems, establishing what amounted to a digital breachhead.” (2) This quote, attributed to then Deputy Defense Secretary William J. Lynn III, is just part of the shocking revelations that were disclosed in his speech made on July 14, 2011.