Data Security Breach for Target - 1372 Words

During the last Christmas season, Target announced that their data security was breached. According to David Lazarus in Los Angeles Times, Target stated that roughly 110 million customers’ information was illegally taken from their database. The information included their credit/debit card info, phone numbers, and email addresses. Target is one of the most popular grocery stores in the U.S.; they have a substantial amount of consumers. Because of this incident, consumers trusts for the store have been decreasing. Worrying about losing its customers, the company offered a free year of credit monitoring and identity-theft protection, so the customers will feel more secure. Not only Target, some other large retailers also faced the same issues. They want their customers to trust that the companies can protect private data. However, should we not worry? Data breaches have been going on for about a decade, but we have not seriously thought about the issue. In order to protect p eople’s privacy, the federal government should make new laws concerning companies’ handling of customer information. As computer technologies are rapidly growing everyday, hackers are also more sophisticated. We used to know that hackers could easily compromise out PC and access to our personal information. Today, they have capabilities to hack corporations’ network systems. The combination of the cloud and large data increase more international data breaches. Based on data from the IdentityShow MoreRelatedTarget Corporations Dealing with a Data Security Breach2542 Words   |  10 PagesIn 2013, Target Corp., the company that prides itself on offering quality, upscale, and trendy merchandise at lower costs, had anticipated a historic year. However, after purchasing Canadian retailer Zellers’ 273 locations and finally executing plans to expand outside the United States, both company and stockholder optimism vanished. In late 2013, news of a massive data breach affecting nearly 110 million consumers turned out devastatingly bad numbers in the fourth quarter—some experts even callingRead MoreQuestions On Target Data Breach893 Words   |  4 Pages Target Data Breach Blake J. Wells ECPI University Abstract In December of 2013, over 40 million credit card information was stolen from 2000 Target stores. This paper will explore the known issues in the Target breach and consider some of the Critical Controls that could have been used to prevent this breach and mitigate the losses. There are multiple factors that led to the largest data loss in history. Vendors were subject to various phishing attacksRead MoreThe Breach Of Target Security Breach Incident Response1447 Words   |  6 PagesDecember 2013, the CEO, Gregg Steinhafle, of Target announced that their company was affected by a data breach that occurred between November 27 and December 15, 2013. â€Å"Target disclosed that online thieves hacked into its computer system, stealing credit card or personal information from more than 100 million customers. Both personal data and credit card information may have been stolen from about 12 million people† (Abrams, 2014). The outcome of this breach has cost Gregg Steinhafle his job, a s wellRead MoreTarget: The Largest Data Breach/Attack Essay1215 Words   |  5 PagesIn 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. â€Å"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 compromisedRead MoreWhat Were Targets Response And Settlement Of The 2013 Data Breach?1432 Words   |  6 PagesWhat were Targets response and settlement of the 2013 data breach? Their delayed and unorganized response to the initial crisis caused them to lose millions. Subheadings: When did the breach happen? The breach happened from Nov 27th thru Dec 6th of 2013. Hackers installed malware to steal Target’s data. Security alert about the breach was noticed on Nov 30th and passed on but nothing was done about it and again on Dec 2nd. When and how was the public informed? The public was told of the breach on DecRead MoreFinancial And Business Implications Of Target Corporation Essay1562 Words   |  7 PagesAbstract Target Corporation was affected by the security breach it was the largest breach that ever happened. This document will explore how many people were affected, what is the effect on Financial and Business implications from the data breach, Lawsuits against the target company, How did the company handle the crisis like when did the company discovered the breach and when did the customers were notified. Introduction About target: Target store was first opened on May 1st 1962 Minneapolis ofRead MoreCyber Security And Business Organizations1517 Words   |  7 PagesCyber Security in Business Organizations Advances in modern day information technology has presented many challenges for business organizations in combating internet cyber attacks. Undoubtedly, cyber security has become one of the biggest concerns of corporations as demand for more transparency in business grows, and e-Commerce and e-Business optimization continues to evolve. Cyber attacks are malicious criminal acts of deception over the internet to infiltrate personal and business informationRead MoreTarget Corporation Data Security Incident1540 Words   |  7 PagesA Case Study of Target Corporation Data Security Incident Company Overview Target Corporation is an upscale discount retailer offering high quality, trendy merchandize at affordable prices in the clean, spacious, and friendly stores. Incorporated in 1902, the company is engaged in providing daily essentials through online and mobile services in the United States. The company’s digital and traditional stores offer edited assortment of food, together with dry grocery, perishables, frozen items, andRead MoreThe Security Breaches Of The Target Store Corporation Essay1306 Words   |  6 Pagesensure that data are secure for the Northcentral University. This paper will summarize the security breaches of the Target Store Corporation over the previous year and make recommendations in the form of information technology security best practices to strengthen the University’s infrastructure. Summarize Major Security Breaches The Target Corporation was exploited in December 2013 and then again in 2015. These breaches included customer’s personal identifying information and retailer’s data. ThisRead MoreTarget s Data Breach And Aftermath : How Cybertheft Snowballed For The Giant Retailer1184 Words   |  5 PagesThis paper explores seven references that report the results from research conducted on-line regarding the 2013 Target breach. According to the website â€Å"Timeline of Target s Data Breach And Aftermath: How Cybertheft Snowballed For The Giant Retailer† (2015), the breach occurred November and December 2013 in which customers who shopped at Target locations credit and debit cards were breached and their personal information was exposed. Upon their investigation, it was determined their point of sale