TGT Stock – Target Data Breach Much Worse Than Reported

Target data breach affects 70 million customers

   

TGT Stock – Target Data Breach Much Worse Than Reported

Target (TGT), announced on Friday, that the data breach that occurred between Nov. and Dec. of last year was worse than expected.

Target TGT Stock   Target Data Breach Much Worse Than ReportedAccording to Target, the data breach resulted in the personal information of 70 million customers being stolen. Information that has been stolen from customers includes: names, credit and debit card numbers, card expiration dates, debit-card PIN numbers, embedded codes on the magnetic strips of cards, email and mailing addresses and phone numbers, reports the Associated Press.

Target previously reported in December that only 40 million credit and debit cards were compromised in the data breach. Following the report of the breach, TGT shares dropped 2%.

Target is currently working to alert customers of the issue and is offering to enroll anyone who shopped at one of its stores in a free year of credit monitoring and identity theft protection. Target also said that customers won’t be liable for any fraudulent charges that were caused by the data breach, the Associated Press notes.

Hackers who stole the personal information from Tagert started selling the information for $44 an account in December.

TGT shares were down 1% as of Friday morning.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/tgt-stock-target-data-breach/.

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