Target Corporation and Hackers - 909 Words

Target Corporation acknowledged a breach in their systems just as the 2013 holiday season was in full swing. The hacker have taken the information of nearly 40 million credit and debit cards from shoppers who shopped in its stores over the initial three weeks of the holiday season. This is the second biggest penetration of its kind announced by a United States retailer, of which Target is the third largest retailer. Apparently, the hackers worked quite speedily with the operation lasting from the day before Thanksgiving to Sunday December 15, 2013. These nineteen days are part of the large kickoff to the Christmas sales season. Target is said to be working with federal law enforcement and other experts to avert comparable future attacks. The company has not and does not seem to have an intention of revealing exactly how the system was compromised. It is known, however, that the company did not find the attack alone. Continuing, it seems that the retail giant was notified by partners of the attack. Specifically, â€Å"the retailer was alerted its systems might have been compromised by credit card processors who had noticed a surge in fraudulent transactions involving credit cards that had been used at Target† (Spencer, 2014). Now it also seems that the online systems were not affected rather only the company’s physical locations were compromised. Timing was clearly a factor in the attack. The holidays are known to be a high-risk time for all types of crime but specifically ofShow MoreRelatedCyber Security : Target Corporation880 Words   |  4 PagesOn Dec 19, 2013 Target Corporation announced to the world that they had suffered a major data security breach. Due to Target Corporations poor stance on network security, hackers were able to steal over 40 million payment card records, encrypted PINs and 70 million customer records during the Black Friday sales week. Initial reports indicated that it was malware placed on their Point of Sales (POS) system, but that was just the tip of the iceberg of the breach. If there had been better securityRead 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 MoreComputer Networks And The Internet1379 Words   |  6 Pagessimple fact of having an unprotected computer network, law enforcement not up to par, and a challenge is all a hacker needs to cash in; sometimes personal, but for the most part, just business as usual. Hackers once admired in the 1960’s are now dangerous and a threat to big box corporations, small businesses, and personal computer users. Data breaches are the most lucrative business for hackers still. An example of data breaching is Computer Memory Racking or also known as memory consumption or memoryRead MoreThe Security Breaches Of The Target Store Corporation Essay1306 Words   |  6 Pagesimplement to ensure that data are secure for the Northcentral University. 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Cyber attacks are malicious criminal acts of deception over the internet to infiltrate personal and business information system networks, data, infrastructures, or any mobile computer devices with the intent of stealing information, proprietary intellectual properties or identity theft. From 2013 - 2014, big businesses such as Target, Home Depot, NeimanRead 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 MoreComputer Hacking Is The Scale Of The Problem Essay972 Words   |  4 Pagesmore and more of a threat in recent years and is being brought to the public eye more often. Large and small corporations alike, as well as individuals are at risk of losing personal information to hackers, opening up doors to cyber-attacks and theft. Statistics show that half of American adults have been hacked this year alone (Pagliery). Security experts and law enforcement say that hackers are actively scanning merchants’ networks for ways to gain remote access to their systems. The Department ofRead MoreCyber Security and Technology Essay1097 Words   |  5 Pagesthe major treat to all sensitive information in cyberspace. Cyber terrorism can be defined as the use o f computers and technology to cause server disruption or widespread fear in society. Through cyber terrorism data that is sensitive to major corporation and government alike are in danger of being hacked then used against them. Cyber security helps defend against cyber-attacks by tracking the attackers back to the source and hacking them. This way security can gain access to their files to help