Target: 40 Million Credit, Debit Card Accounts Breached at U.S. Stores

Target: 40 Million Credit, Debit Card Accounts Breached at U.S. StoresAfter media reports surfaced Wednesday of a massive breach of customer accounts, Target Thursday confirmed that it is aware of “unauthorized access to payment card data that may have affected certain guests making credit and debit card purchases” in its U.S. stores.
Approximately 40 million credit and debit card accounts may have been affected between Nov. 27 and Dec. 15, 2013, Target said.
The breach involves the theft of information stored on magnetic stripes on the backs of cards used at nearly all of Target’s stores, according to the Krebs on Security website, which broke the news. The type of data stolen enables hackers to create counterfeit credit cards.
The breach does not appear to involve online purchases, Krebs reports.
Target said it is working closely with law enforcement and financial institutions, and “has identified and resolved the issue”.
“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,” said Gregg Steinhafel, chairman, president and chief executive officer, Target. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”
Minneapolis-based Target has 1,921 stores in the United States.
Target said it alerted authorities and financial institutions immediately after it was made aware of the unauthorized access. The company said it is partnering with a leading third-party forensics firm to conduct a thorough investigation of the incident.
Shoppers who suspect unauthorized activity should contact Target at: 866-852-8680.

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