Software has been a favorite target internet thieves because the same reason that makes it so easy to sell online or instant electronic delivery also makes it easy to steal. Target is believed to have exposed personal data from as many as 110 million customers. About 40 million of them were shoppers during the holiday season from November 17 through December 18 2013. One in four people in the United States were exposed to fraud and potential loss of privacy. Early in the month of January the FBI warned retailers that there were more attacks to come after they discover 20 attacks in the past year which were caused by the same malware that ruined target’s system. Furthermore, during the holiday Jeff Hotmeier of fair fax received two suspicious emails from unknown senders that looked as if it contains bank statements he didn’t even requested. Also, during the period when data was compromised senator Feinstein democrat of California who was a Neiman Marcus shopper noted that she wasn’t notified by the company that her personal data may have been jeopardized. Target and Neiman were subject to detailed public questioning on how they handled the recent data security violations that exposed the data of millions of customers.
Target’s chief financial officer John Mulligan confirmed that the data thieves gained entry to the company’s computer because they stole an outside vendor ID’s. Target also said that they believe that customers’ birth dates and social security number were compromised. The violations had upset their costumers and left many angry and not sure about the safety of their personal information. With a lot of focus on prevention the session has figure out some hackers behind the violations. William Noonan the deputy special...
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...e been inspecting the crime wave and they notice two types of thieves online, a small group that like to steal for the profit and the other group that steal just for the fun of it. Gregg Steinhafel, target’s chief executive wrote a statement: “Our top priority is to take care of you and helping you feel confident about shopping at target and it is our responsibility to protect your information when you shop with us, we didn’t live up to that responsibility and I am truly sorry”. The retailer of one of the largest state in the country apologized to its customers and also released an online guide on how to avoid scams in which criminals may try to use personal information that potentially were compromised in the attack.
Works Cited
COPYRIGHT INFRINGEMENT MARKETS
Shyamkrishna Balganesh
Columbia Law Review, Vol. 113, No. 8 (DECEMBER 2013), pp. 2277-2332
According to Kantar Retail, most of Target’s shoppers are younger on average than its rivals, and more educated. That means it has to consistently offer something different and appealing; it emphasizes more on the latest-trend apparel, eye-catching home décor and exclusive designer merchandise than its competitors. This results in a willingness to pay a bit more for items by customers who are willing to pay a bit more. Moreover, this successful
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.
Target has 1,799 stores, and its annual revenue was more than $71 billion in 2014. Considering that Target operates only in the United States, the company’s total income does not seem too low. Like Walmart, Target is open to all customers without membership, and its products are similar to Walmart’s products. For example, both companies sell household essentials, pharmaceuticals, personal care items, cleaning and paper products, apparel, accessories, sporting goods, electronics, and food items, along with furniture and other products. Instead of offering membership discounts, Target offers REDcard debit and credit cards, which provide consumers with a 5% discount on purchases. Since Target utilizes e-commerce for sales of its goods, delivering products worldwide can be highly beneficial for the company’s
The Minneapolis based Target Corporation announced in December that criminals forced their way into the company’s computer system. The data breach compromised 40 million credit and debit card accounts of customers who shopped during the holiday season between November 27 and December 15, 2013. The data captured was far broader than originally imagined as hackers gained access to 70 million customer’s personal information including names, home addresses, telephone numbers, and email addresses. Additionally, expiration dates, debit-card PIN numbers, and the embedded code on the magnetic strip of the card were stolen.
Target is also a company that is built on ethics. With integrity instilled in all of their team members, everyone helps to uphold Target’s great reputation and maintain their morals of honesty and family. Another big part of Target’s company culture is their focus on community service. After working for Target, one is truly able to understand the meaning of giving back. At Target, team members dedicate their volunteer hours to work with schools, nonprofit organizations, charities etc. to make a difference in the world.
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 ...
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”.
Privacy Rights Clearinghouse shows that there are forty-six states that have a data breach notice law in their books. These laws required that a company notify their customer or employees of a security breach right away. However, the problem with this law, it does not set a firm timeline, when a company must notify consumers. Some retailers use this to their advantage because the law is so vague. In some states, the law allows a delay in notifying the consumer at the request of law enforcement, FBI, and Treasury Department because they want to keep the incident under wraps until they can apprehend the criminals. In Target’s case, it is unclear wheater state compliance or the FBI investigation delayed Target from making a statement regarding the
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
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.
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 ability to conduct warfare through technological methods has increased information security awareness and the need to protect an entities infrastructure. Subsequently, cyber warfare produces increased risk to security practitioners that employ technology and other methods to mitigate risks to information and the various systems that hold or transmit data. A significant risk to information lies in the conduct of electronic commerce, hereinafter called e-commerce. E-commerce is the purchasing or selling of goods and/or services through the internet or other electronic means (Liu, Chen, Huang, & Yang, 2013). In this article, the researcher will discuss cyber warfare risks, present an evaluation on established security measures, identify potential victims of identity theft, and present an examina...
One example of bad hackers is what happened worldwide to Target companies. Target was hacked and millions of people’s credit card information was stolen (Riley, 2014). Many people think that the ones that hacked target hacked it because target gave away information, in reality they were as victim as the ones who’s information was stolen (Riley, 2014). Someone installed malware in Target's security and payme...