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.
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.