Target CIO Beth Jacob has resigned in the wake of the security breach that saw hackers make off with millions of credit card details belong to its customers.
The top news stories for March 6, 2014.
As we get further away from the massive Target data breach that compromised 40 million payment card accounts and exposed personal data on another 70 million customers, the initial news fades from memory. Yet the details of the breach provide a blueprint of how not to handle IT security.
The Target breach, which compromised over 40 million credit and debit card accounts, touches many aspects of IT security. To provide our readers with a bird's eye view of the Target breach saga, FierceITSecurity has teamed with our sister publication FierceRetail to put together detailed timeline of events.
A fraud analyst with Gartner has estimated that Target could eventually be liable for as much as $420 million as a result of the security breach.
Something as mundane as a heating, ventilation and air conditioning vendor was to blame for the Target breach, which compromised the credit and debit card information of 40 million customers, security researcher Brian Krebs reports.
Retailers should take a multi-layered approach to credit and debit card security, argues Troy Leach with the Payment Card Industry council. I agree with Leach and support industry efforts, such as the PCI DSS standard, to improve security of credit and debit card information to lessen the likelihood of future breaches.
The attackers behind the recent cyber-heist at Target made use of credentials that were stolen from a vendor.
While this month has seen reports about data breaches at Neiman Marcus and Michaels Stores, 2013 was the year of mega breaches, such as the one that exposed 110 million records at Target and the 150 million at Adobe.
Michaels Stores, the largest U.S. arts and craft retailer, says it is investigating a possible breach involving customers credit and debit card data.