70 Million People’s Data Leaked from US Retail Chain
Target chain had to admit that hackers stole personal data with details of about 70 million people. Phone numbers, email and home addresses leaked in the hack.
When the breach was announced, a number of banks imposed daily spending limits on people with affected cards (this wasn’t a very pleasant thing ahead of the holiday shopping rush). Anyway, transactions at Target were down by 3-4% before Christmas, while other American retailers reported strong results.
Earlier, the security experts reported a huge electronic breaking at Adobe Systems, with 152 million usernames and passwords stolen. In that case, the passwords were encrypted, but some flaws in the system could allow hackers decrypt them.
The breach happened within a 19-day period since the end of November. The hack was brought to public attention by the security researcher on 18 December. It later appeared that the details of leaked cards were flooding into online underground criminal markets.
The retail chain has previously been the object of such hacking, paying a $9.75m settlement four years ago. But the extent of the latest breach suggests that the intruders could access its interfaces with banks and credit card companies. Target told its customers last week that its ongoing investigation has proved more personal data had leaked than it was estimated before. The company promised to contact customers and provide tips on how to safeguard against consumer scams. In addition, target offers a year of free credit monitoring and identity theft protection to people who shopped at its stores. You will have 3 months to enroll in the program.