Personal information, including names, mailing addresses and phone numbers, of 40 million customers who used credit and debit cards at U. Target executives meet with the U.
Late Wednesday, the Secret Service, which Target data breach charged with safeguarding the nation's financial infrastructure and payment systems, confirmed it was investigating the breach. Spokesman Brian Leary declined further comment.
The breach first came to light via a report from respected security researcher Brian Krebs, who said Target had suffered a data breach around the time of Black Friday last month "potentially involving millions of customer credit and debit card records.
But judging by the scope of the breach and the kind of information criminals got, security experts say hackers targeted the retailer's point-of-sale system.
|Risk Management Framework: Learn from NIST||The company said Friday that 70 million customers had information such as their name, address, phone number and e-mail address hacked in the breach. Target said the personal data stolen could affect its past shoppers -- not just those who have visited the store recently.|
That means they either slipped malware into the terminals where customers swipe their credit cards, or they collected customer data while it was on route from Target to its credit card processors. The retailer said it notified authorities and financial institutions immediately after it was made aware of the unauthorized access, and had hired a forensics team to thoroughly investigate how the breach may have happened.
The issue that allowed the breach has been identified and resolved, according to Target spokeswoman Molly Snyder. The thieves could also potentially withdraw cash from ATMs using counterfeit debit cards if they were able to intercept PIN data from Target, he said.
In data breach situations, customers aren't on the hook for any fraudulent charges. Someone further up the chain -- the card issuer, or sometimes the merchant -- is responsible for those costs.
Maxx and Marshalls -- fell victim to one of the worst security breaches ever back inwhen hackers gained access to at least 94 million domestic and international accounts containing credit card, debit card, and check information.Adidas said a “few million” customers shopping on its U.S.
website may have had their data exposed to an unauthorized party.
Consumers who shopped at Target from November 27 through December 18, or received notice that their personal information was compromised, may be eligible for money from a Data Breach Settlement. Mar 20, · The settlement of a class-action suit in federal court would provide $10 million to compensate victims of a online data theft that affected as many as million people.
Mar 14, · Target acknowledged on Thursday that its computer security system had alerted it to suspicious activity after hackers infiltrated its network last year, but the company ultimately decided to. In December , just days after a data breach exposed 40 million customer debit and credit card accounts, Target Corp.
hired security experts at Verizon to probe its networks for weaknesses.
The. Data breach insurance and cyber liability insurance helps cover the costs of a data security breach for things like identity protection solutions, public relations, legal fees, liability and more depending on the coverage you choose.