Target Says Security Breach May Affect 40 Million Cards
Posted in: UncategorizedTarget, the second-largest U.S. discount chain, said data for about 40 million debit and credit cards may have been wrongfully accessed in recent weeks and that law enforcement is investigating the matter.
The data was breached between Nov. 27 and Dec. 15, the Minneapolis-based company said in statement. Target said it alerted authorities and financial institutions immediately and has now identified and resolved the issue. The U.S. Secret Service said yesterday that it was probing the incident.
Target, which has 1,797 stores in the U.S. and 124 in Canada, had its data compromised during the crucial year-end shopping period for the retail sector. U.S. retail sales rose 2% for the week ended Dec. 14 as seasonal shopping accelerated, according to the International Council of Shopping Centers.Target said it’s working closely with law enforcement to bring those responsible to justice.
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