Target

Target, other retailers join cyber intelligence sharing co-op

Target, other retailers join cyber intelligence sharing co-op

A bevy of retailers have allied to share information on their cyber-security efforts, which should help stem the tide of black-hat hacks like the massive data breach that affected Target last year. The Retail Cyber Intelligence Sharing Center has some of the heaviest hitters in retail, but some who have been affected are abstaining from membership — for now.

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Target CEO resigns after data breach crippled chain

Target CEO resigns after data breach crippled chain

Effective immediately, CEO of Target Gregg Steinhafel will be stepping down from his role at the retailer. CFO John Mulligan will be taking the CEO position in the interim, leaving the board to search for a new chief to lead the way. As Target notes in the announcement, Steinhafel held himself "personally accountable" for the recent data breach, which likely contributed greatly to his demise.

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Target reportedly ignored credit card hack warnings

Target reportedly ignored credit card hack warnings

Target ignored warnings of the massive credit card hack from the $1.6m security system it had installed specifically to watch out for data thefts, insiders claims, with signs of abuse being flagged weeks before the company recognized the breach. 40m credit card numbers, as well as the personal details of around 70m customers, were stolen late in 2013, costing the retailer $61m already in setting up advice hotlines and taking other measures, but which could well run to the billions once compensation and lawsuits are settled.

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Target: never mind, they’ve got the PINs

Target: never mind, they’ve got the PINs

It would appear that the debacle Target is facing this holiday season is turning over as we speak. Though they’d previously suggested that findings showed no PIN data to have been stolen in their 2013 credit card breach, today’s update says otherwise. The positive side of this situation is the fact that these PIN numbers are wholly encrypted.

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Stolen Target credit cards flood black market

Stolen Target credit cards flood black market

Millions of the stolen credit cards snatched from Target shoppers in recent weeks are being sold on the black market, it's reported, amid some banks holding off freezing potentially compromised accounts out of uncertainty around the extent of the issue. Target admitted earlier this week that around 40m customers had potentially been affected by credit and debit card thefts in stores between November 27th and December 15th; now, new research indicates many of those cards have ended up being sold online, with the banks that issued them either unaware or reluctant to cancel them so close to the holidays.

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Target hack confirmed: 40m cards potentially hit

Target hack confirmed: 40m cards potentially hit

Target has confirmed a credit and debit card hack potentially affecting up to 40m customers shopping in its US stores, with the stolen data including everything thieves could need to make fraudulent purchases. The hack, rumored earlier today, impacts any shoppers at Target's stores between November 27th and December 15th this year the retailer says, as it kicks off an investigation into the breach.

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