Preview

Target Data Breach

Better Essays
Open Document
Open Document
1162 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target Data Breach
Target Data Breach
Charles Moore
American Military University

Abstract
Target a large retail corporation that operates over 1,700 stores across the United States. They also operate as an online retailer at target.com. In 2012 the retailer earned more than $73 billion dollars in revenue and grew their sales by 5.1% from the previous year. Looking at the revenue and sales growth rate it is hard to fathom that more money could not be spent to ensure that consumer data is protected as much as possible. As information security specialists one of the worst things that can happen is our network gets infiltrated and customer information is stolen. On December 19, 2013 Target released a statement stating that they have had an information security breach and suggested that as much as 70 million credit card information had been stolen.
Target Data Breach
Target a large retail corporation that operates over 1,700 stores across the United States. They also operate as an online retailer at target.com. In 2012 the retailer earned more than $73 billion dollars in revenue and grew their sales by 5.1% from the previous year (“Corporate overview,” 2013). Looking at the revenue and sales growth rate it is hard to fathom that more money could not be spent to ensure that consumer data is protected as much as possible. As information security specialists one of the worst things that can happen is our network gets infiltrated and customer information is stolen. On December 19, 2013 Target released a statement stating that they have had an information security breach and suggested that as much as 70 million credit card information had been stolen (Jarvis & Milletary, 2014).
The Attach
After a thorough investigation by federal law enforcement it had been determined that hackers were able to infiltrate the network and place malware on several pieces of the companies Point of Sale (POS) systems. The attackers were meticulous and thought through their attack, attempting to



References: 29 new clues in the target breach. (2014, January 14). Retrieved from http://krebsonsecurity.com/tag/target-data-breach/ Corporate overview. (2013). Retrieved from http://investors.target.com/phoenix.zhtml?c=65828&p=irol-homeProfile Jarvis, K., & Milletary, J. (2014, January 24). Inside a targeted point-of-sale data breach. Retrieved from http://krebsonsecurity.com/wp-content/uploads/2014/01/Inside-a-Targeted-Point-of-Sale-Data-Breach.pdf Mlot, S. (2014, February 2). Hvac vendor confirms link to target data breach. Retrieved from http://www.pcmag.com/article2/0,2817,2430505,00.asp Mulligan , J. (2014, February 4). time for smartcards. Retrieved from https://corporate.target.com/discover/article/time-for-smartcards Target to invest $5 million in cybersecurity coalition. (2014, January 14). Retrieved from https://corporate.target.com/discover/article/Target-to-invest-5-million-in-cybersecurity-coalit

You May Also Find These Documents Helpful

  • Best Essays

    Aircraft Solutions Project

    • 2440 Words
    • 10 Pages

    The hardware infrastructure of the AS Headquarters in San Diego, California had been identified during our recent security assessment as being a potential security weakness to the company's overall information systems security infrastructure.…

    • 2440 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Cybercrime is on the rise. As companies try to protect their customers PII, criminals are trying to get it. Ponemon Institute did a survey of how the information was affecting larger companies (Institute, 2014). Unfortunately the hackers are using the information to ruin their credit. Russian hackers obtained 1.2 billion usernames and passwords (Institute, 2014).…

    • 276 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Implementation and the use of this type of technology has a large impact on the privacy of the people that participate in these programs. The increased use of frequent shopper cards by retail stores has elevated the need for a watchfulness of these programs.…

    • 1122 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Surprisingly there were a large amount of threats in house that took advantage of software issue’s and exploited them. More than likely sold the info to outside source to further continue hacking and establishing a backdoor it the database.…

    • 286 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    BIS Week 3 Assignment

    • 446 Words
    • 2 Pages

    Data breaches and cyber-attacks frequently has dramatically increased in recent years, with the advancement of technology and the prevalence of more “cloud” storage and remote access servers. In Mr. Horton’s article, he remarks on the high cost a data breach can have on both finances and company’s reputation. (Horton, 2014) Citing the Ponemon Institute’s 2013 Cost of Data Breach Study, Horton goes on to state that “data breaches can cost an average organization more than $5 million per incident. (Ponemon Institute, 2013)…

    • 446 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Cp Case Study

    • 976 Words
    • 4 Pages

    | * ChoicePoint customers had their identity’s compromised and ultimately stolen * The compromise of their identity means that they criminals could use their names and info for other purposes * ChoicePoint was effected by the Class-action lawsuit as a result * Were being investigated by the U.S Senate…

    • 976 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Target Executive Summary

    • 478 Words
    • 2 Pages

    Target’s revenues have increased steadily over the past five years, rising to $65.4 billion in 2009. Despite positive indicators of growth, other retail chains still pose a serious threat, and Target struggles to maintain competitive advantage. From a positive standpoint, Target is intensifying the vision to provide users with superior products by expanding existing stores and continuously incorporating new merchandise. Target’s expansion will likely prove positive for the corporation, but the possibility exists that the expansion will hurt Target due to the large price paid for the expansions (approximately $1 billion) combined with the current unstable economic conditions. The retail industry is dependent on consumer spending. Target’s history of having a higher and less stable debt to equity ratio indicates that it may suffer during troubling economic conditions.…

    • 478 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Target Strategic Audit

    • 15483 Words
    • 83 Pages

    The external analysis reveals that Target Corporation must address the threat of a growing online and mobile commerce (e/m-commerce) market. Shoppers’ behavior and the accompanying technology are evolving. Sociocultural and technological trends in e/m-commerce support findings that online retail sales will account for 10% of total U.S. retail sales, $370 billion. E/M-commerce is expected to reach over $100 billion by 2017.…

    • 15483 Words
    • 83 Pages
    Powerful Essays
  • Satisfactory Essays

    During Thanksgiving of 2013, Target had 40 million of its costumer’s credit card data stolen. Hackers remotely installed malware into Target’s security and payments system, which monitored the use of credit cards throughout all 1,797 of Target’s U.S. stores. This data was then stored on a Target server, which the hackers had taken over.…

    • 230 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The mission, vision, and value statements of Target Corporation are integrated together to achieve common goals. They highlight the importance of providing customers with a pleasant shopping environment, and with continuous improvement in operations by making Target the most preferred place to shop. The mission, vision, and value statements of the company are not merely a matter of theory, in fact, management have taken practical steps to achieve them and create value through dedication. Management and internal stakeholders have been working for the betterment of the environment and social community by contributing toward education for children and by volunteering…

    • 672 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    From reading the article, I can see where some of Target’s officials made some treacherous mistakes. Even though Target has been business over 50 years, they are still susceptible to the computer hackers of today. So, the main question should be, If Target had everything in place and they were notified of the breech in the security information, why did this happen? (GaleGroup,2014). Was it just pure human error and oversight or was there a bigger failing plan? Nevertheless, CEO Steinhafel, was looking out on behalf of the public consumer, when he chose to tell Americans exactly how many accounts had been possibly hacked instead of allowing his staff to have him report a lower number. (Kinicki & Williams, 2016). He chose to show true integrity…

    • 191 Words
    • 1 Page
    Satisfactory Essays
  • Best Essays

    Company Profile Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corporation operates general merchandise and food discount stores in the United States. It operates as two reportable segments: Retail and Credit Card. The company offers household essentials, including electronics, music, and toys; apparel and accessories; home furnishings as well as seasonal merchandise. It also sells its merchandise under private-label brands, such as Archer Farms, etc. Target Corporation operates in-store amenities, such as Target Caféand Target Clinic as well. Its marketing strategy includes selling its products on its online shopping site Target.com and its network of distribution centers. As of June 2, 2010, it operated 1,740 stores in 49 states and the District of Columbia covering 231,941,000 square feet, and has more than 351,000 employees across the United States. Target Corporation’s main competitors are Wal-Mart Stores Inc. (WMT), and Costco Wholesale Corporation (COST). According to its 10-K annual SEC filing, 88% of shares are held by institutional and mutual fund owners. The five largest shareholders of Target Corporation are Gregg W. Steinhafel, Kathryn A. Tesija, Douglas A. Scovanner, Richard M. Kovacevich and John D. Griffith. Segment Performance Target operates as two reportable segments: Retail and Credit Card segments. According to Target’s 10-K annual SEC filing, Target Corporation’s retail segment contains service of merchandising operations, and associate with online services. Its credit card segment gives qualified clients credit cards, such as Target…

    • 2214 Words
    • 9 Pages
    Best Essays
  • Good Essays

    From a management perspective, do you think Target made any mistakes? Justify your answer. Being in management is an exceptionally stressful job as one has to be able to manage, organize, oversee and make decision that are most beneficial to the company. From a Chief Executive Officer I presume these levels of stress are even more amplified as they are making over a billion decisions a year on a higher level that could virtually cost them their companies (Larson, 2017). As an avid Target shopper, I for one was very taken aback by the breach of public information.…

    • 1343 Words
    • 6 Pages
    Good Essays
  • Good Essays

    McGregor, J. P. How the TJX Breach May Change Security Awareness. (2007, April 11). Retrieved October 9, 2007, from https://www.scmagazineus.com…

    • 302 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Target's Mistakes

    • 125 Words
    • 1 Page

    From a management perspective, we think Target has made some major mistakes within the company. The first mistake is when Mr. Steinhafel insists to expose the total number of the affected costumers which actually consist bigger number than the actual one. Actually, releasing the highest possible number to public can make the citizens themselves loose trust to the organization. This is because; the citizens will feel insecure to continue the services within the organization. Besides, when the fact has already been released, this will alarm the new users that the services are bad and makes them find a new source. Hence, the organization will lose their potential customers. However, on the bright side, from Mr. Steinhafel’s action, the decision…

    • 125 Words
    • 1 Page
    Satisfactory Essays