Target Security Breach

                                                                               By Mariam O. 

Announced on December 19, 2013, Target says that stored credit card information was breached. Target Corporation is a victim of the biggest credit card security breaches to date, affecting 40 million credit and debit cards.

The breach happened from Nov. 27, one day before Thanksgiving, through Dec. 15, a period that includes Black Friday and some of the busiest shopping of the calendar, Target said in a press release.It was not until January 10, 2014 that an additional 70 million people had personal information captured in the breach.

Investigators believe the data was accessed from software installed on the machines that customers use

to swipe magnetic strips on their cards when paying for items at Target stores. That data can later be lifted and put on counter fit cards and can later be used as the owner of the credit or debit card. The Secret Service is investigating, according to a spokesman for the agency but Target officials did not recommend on the breach.

Target said that it had alerted authorities and banks, and that the issue was “identified and resolved.” However Target encourages customers to look over their account statements and credit reports.

“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence,” said Gregg Steinhafel, Target’s president and CEO.

“We regret any inconvenience this may cause,” he said. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”

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