Sunday, December 22, 2013

Target: Data from 40 million credit, debit cards stolen

Target: Data from 40 million credit, debit cards stolen

Hackers have successfully made off with information from millions of credit and debit cards at retail giant Target in a meticulously planned attack.
The attack was pulled off during the busiest sales season of the year, between Nov 27 and Dec 15. The company has confirmed that data from 40 million cards has been stolen.
According to a statement from Target, pilfered data includes customers' names, credit or debit card numbers, card expiration dates and three-digit CVV security codes. The above information is sufficient to make a fake credit card, or even for make online purchases.

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The Fierce Take: The strike during the holiday season is significant, given how the increased sales volume could mask otherwise strange spending behaviors from counterfeit cards. Though details of how the hackers penetrated Target are not known at the moment, there is clearly a new trend towards mixed physical and cyber attacks. We will post a follow up should more details of the breach become available.
For more:
- check out this article at InformationWeek
Related Articles:
Gang arrested for planting rogue hardware as part of cyber bank heist
Net Optics' CEO on leveraging network security to stymie cyber 'hit teams'

Read more: Target: Data from 40 million credit, debit cards stolen - FierceCIO:TechWatch
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