Neiman Marcus is Latest Victim of Security Breach

Comments: 2  | Leave A Comment

Target disclosed Friday that its massive data theft was significantly more extensive and affected millions more shoppers than the company announced in December. The nation’s second largest discounter said hackers stole personal information — including names, phone numbers, email and mailing addresses — from as many as 70 million customers as part of a data breach it discovered last month.

The Minneapolis-based Target announced Dec. 19 that some 40 million credit and debit card accounts had been affected by a data breach that happened from Nov. 27 to Dec. 15 — just as the holiday shopping season was getting into gear.

As part of that announcement, the company said customers’ names, credit and debit card numbers, card expiration dates, debit-card PINs and the embedded code on the magnetic strip on the back of cards had been stolen.

According to new information gleaned from its investigation with the Secret Service and the Department of Justice, Target said Friday that criminals also took non-credit card related data for some 70 million customers. This is information Target obtained from customers who, among other things, used a call center and offered their phone number or shopped online and provided an email address.

Some overlap exists between the 70 million individuals and the 40 million compromised credit and debit accounts, Target said.

When Target releases a final tally, the theft could become the largest data breach on record for a retailer, surpassing an incident uncovered in 2007 that saw more than 90 million records pilfered from TJX Cos. Inc.

Target acknowledged Friday that the news of the data theft has scared some shoppers away. It cut its earnings outlook for the quarter that covers the crucial holiday season and warned that sales would be down for the period.

« Previous page 1 2

Tags: » »

  • More Related Content

Follow

Get every new post delivered to your Inbox.

Join 2,011 other followers