A western Pennsylvania credit union is suing Target Corp. for the cost of reissuing debit cards to about 75 customers whose account information was compromised by computer hackers who stole 40 million credit and debit card numbers from the retailer’s customers.
About 5 million credit and debit cards out of the approximately 40 million whose information was stolen in a massive Target data breach have been used to make fraudulent purchases. The Wall Street Journal says that translates to about 10 to 15 percent of the accounts that were compromised late last year.
Target said Wednesday that investigators have found that hackers stole credentials from a vendor to access the retailer’s systems and pilfer about 40 million debit and credit card numbers as well as personal information for another 70 million people.
Attorney General Eric Holder says the Justice Department is committed to tracking down the thieves who stole information from millions of customers of Target Corp. Minneapolis-based Target says it is working with the Secret Service and the Justice Department.
American shoppers say they are very concerned about the safety of their personal information following a massive security breach at Target, but many aren’t taking steps to ensure their data is more secure, says a new Associated Press-GfK Poll.
A security breach at Target stores across the country left tens of millions of Americans vulnerable to identity theft. The Minnesota Bureau of Criminal Apprehension’s Financial Crimes Task Force works across the state to crack financial crimes.
Minneapolis Police have refuted reports that smartphones had been taken from at least six IT professionals over the past two days. Earlier on Thursday, it was reported that a source told CBS News that smartphones had been stolen from workers at the downtown headquarters in Minneapolis.
Target Corporation announced Wednesday that the company would be eliminating about 475 positions. The news comes after more than a month’s worth of bad press over a data breach.
Why are there discrepancies in the reports coming out of Texas? Click the link to listen…
Police say two people trying to enter the U.S. from Mexico have been arrested in South Texas on fraud charges that could be related to the theft of personal data from Target retail stores. McAllen police Chief Victor Rodriguez scheduled a news conference for Monday afternoon.
A news article Saturday puts the blame for the 100 million plus credit card breach squarely on the Target bullseye. The story in the New York Times said hackers trolling for vulnerable retailers found an easy target (pun intended), in the Minneapolis-based company.
An email sent to the roughly 70 million Target customers who may have been affected by a pre-Christmas data breach is causing panic among those who fear it could be an attempt to victimize them again.
The security breach that hit Target Corp. during the crucial holiday season seemed to be part of a broader and highly sophisticated scam that affected several retailers, says a report published by a global cyber intelligence firm that works with the U.S. Secret Service and the Department of Homeland Security.
As consumers continue to absorb the news that the Target data breach affected far more people than the chain originally announced, the company is offering a year of free credit monitoring to customers. Target initially said 40 million credit card accounts were compromised, but now says the figure is closer to 110 million. Target’s stock was down again Monday, and the retailer announced last week that fourth quarter sales, which included the big holiday shopping season, were down two percent.
The CEO of Target is finally speaking out after the massive security breach that impacted millions of Americans over the holidays. He’s defending Target and how the company has handled the breach, and said the company is working now to gain back the trust of many shoppers.