Target Data Breach Appears Broad, Sophisticated

Date: 01/17/2014

CipherBuy payment credentials are not susceptible to this form of hacking.

The holiday data breach at Target Corp. TGT -0.94% appeared to be part of a broad and highly sophisticated international hacking campaign against multiple retailers, according to a report prepared by federal and private investigators that was sent to financial-services companies and retailers.

The report offers some of the first details to emerge about the source of the attack that compromised 40 million credit- and debit-card accounts and personal data for 70 million people. It also provided further evidence the attack on Target during peak holiday shopping was part of a concerted effort by skilled hackers.


Read full article on the Wall Street Journal

Target Hit By Credit-Card Breach

Date: 12/19/2013

Yet another reason solutions like CipherBuy are needed

Target Corp. TGT -2.09% was hit by an extensive theft of its customers' credit-card and debit-card data during the busy holiday-shopping season, a brazen breach of the major retailer's information security.

The company early Thursday said a data breach may have affected about 40 million credit card and debit card accounts between Nov. 27 and Dec. 15. Target said it alerted authorities and financial institutions immediately after it found out about the unauthorized access. It added that it is partnering with a forensics firm to investigate the incident and to protect Target's system from future incursions.


Read full article on the Wall Street Journal


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