Preview

Target's Credit Card Data Analysis

Satisfactory Essays
Open Document
Open Document
230 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Target's Credit Card Data Analysis
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.
During 2014, Home depot had the credit card information of 56 million customers stolen, and the email addresses of 53 million customers. Though the data stolen did not contain the passwords of the emails, they had other ways of trying to get the passwords. One of these ways was phishing, and they did this by sending emails to the recovered email accounts, to see if they would put in their information. The hackers

You May Also Find These Documents Helpful

  • Good Essays

    On December 19th Target revealed that 40 million credit and debit card accounts were compromised by a data breach. The information had appeared to be stole around black friday of 2013. This is the busiest shopping day of the year.The retailer said that the information stolen between November 27 and December 15, 2013 included personal information of as many as 70 million people more than the 40 million the company originally estimated. Target discovered the breach on December 13th and notified the justice department.The information stolen included names, mailing addresses, phone numbers and email addresses. The hackers tole 11 Gb worth of personal information. Target said that it will provide one year of free credit monitoring…

    • 442 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Passwords and personal account data obtain by illegal parties could be used for malicious purposes…

    • 1164 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Unit 1 Assignment 2

    • 313 Words
    • 2 Pages

    Identity theft occurs in some of the largest companies and often times this security breach is kept quiet. This company has been hacked for customer’s birthdates twice in one month. This means that they are experiencing severe vulnerabilities and they need to take action immediately. When customers start hearing that the companies they deal with have had security breaches in their computer systems data, they panic and most tend to, discontinue associating with that particular company.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Companies selected are Wal-Mart and Target. Both companies have their financial year ended in January. Income Statement of the Target is showing gross margin but there is no such break up in Wal-Mart income statement. Income Statement of the Wal-Mart is showing directly operating income. Both companies have cost of goods sold over 70% of their revenue for the recent year. Wal-Mart has two sources of revenue while Target has only one source. Operating income of the Wal-Mart has decreased during the recent financial year while operating income of the Target has increased by 22% (yahoo. Finance, n.d.). Target has overcome from loss in 2014 and registered a high growth in net income for the recent year but net income of the Wal- Mart has decreased…

    • 344 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Target Corporation has two reportable segments: First one is the Retail, and the second one is the Credit Card. The Retail Segment includes all of the merchandising operations. Under this are all of the discount stores in the United States of America and the online business. On the other hand, the Credit Card Segment includes the Target Visa and Target Card (also known as REDcards). These credit cards offer credit to qualified guests. Because of this, it helps to strengthen the bonds with the guests, increases sales, and gives better results of…

    • 93 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Emails can be hacked by various methods, and no one is immune. Recently even Presidents G.H. and G.W. Bush have had their emails hacked and information downloaded (Kim, 2013), (Rumors, 2013). By using different methods and the internet, Hackers are using Social Engineering, Google Hacking and Workplace Sabotage from a disgruntled former employee or ones who feels that they have an injustice done to them and are motivated for revenge (Link, 2013).…

    • 1564 Words
    • 7 Pages
    Better 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
  • Good Essays

    Target's Attack Model

    • 607 Words
    • 3 Pages

    At this point, data was stored on the network for days before being transmitted. Apparently, the system to automatically delete malware as they are detected was turned off. This was obviously a major lapse on the part of Target’s security team. While not directly dealing with Target’s security operations, the final breakdown occurred with Target’s poor handling of dealing with the breach. It took time for Target to go public about the breach, but did not provide much information. The website was difficult to navigate and again, the lack of information made it difficult for customers to deal with the aftermath of their information being stolen. 3. What recommendations would you give to the company in order to improve their security operations?To improve Target’s security operations, I would recommend the following:1) It was evident that Target did not know how to handle such a breach. Thus, the first step to improve Target’s security operations is to understand that they can absolutely be targets of such cyberattacks. By properly understanding this, this will lead to better decision making that will protect them from such attacks. 2) Target needs to properly segment its network and apply proper securities for each. Network checks and maintenance should be done regularly. However, this is not enough; the results should be evaluated and lead to action. 3) Ultimately, what is needed is better management and communication. It was unclear who was responsible for the breach. There needs to be clearly defined roles and response options. Target’s security operations need to outline key decisions that need to be made regarding cybersecurity and then define the roles of each person or team involved in making those decisions. Accountability measures must then be…

    • 607 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    What is very clear is that millions of customers, shoppers at various Target Store locations had their financial information stolen. However, what isn’t so clear is how to prevent an attack of this type from recurring. To implement an effective preventative platform, hack proof mechanisms and trained employees must be used simultaneously to monitor, identify, and possibly eliminate virtual foreign and unauthorized invasion. If the invasion includes brute force access, it must immediately be considered an attack on information, causing immediate and drastic measures to be executed impromptu.…

    • 631 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Visa and the Target Card. According to Target’s 2009 annual report, the “performance in our Retail Segment was remarkable, as the segment generated the highest EBIT in the Corporation's history. In the Credit Card Segment, disciplined management led to a 29.4 percent increase in segment profit.” This is a very positive…

    • 2214 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Week 5 you decide

    • 928 Words
    • 4 Pages

    Waves of targeted email attacks, often called phishing, are exploiting client side vulnerabilities in commonly used programs such as Adobe PDF Quick Time, Adobe Flash, and Microsoft Office. This is currently the primary initial infection vector used to compromise computers that have access to the internet and the network.…

    • 928 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In December 2013, Target learned that hackers had entered their data system, gaining access to 40 million customer’s credit and debit card information. While undergoing investigation, Target determined that certain guest information was also stolen. The information consisted of names, email/mailing and phone numbers.…

    • 264 Words
    • 2 Pages
    Good 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

    Target Corporation Essay

    • 566 Words
    • 3 Pages

    Target is a very popular chain store across the United States. In almost every major city you visit, you can find at least one store, maybe even multiple across large suburban areas. The easily recognized red and white bullseye has become a national symbol of a high quality shopping experience with low, affordable prices. But how did Target come to be such an affluent business? Despite having humble beginnings in the midwest, Target has grown to be a well-known, successful chain that has many different products that are high quality to offer to its customers.…

    • 566 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Target Financial Health

    • 1437 Words
    • 5 Pages

    References: Cable News Network . (2014). Target: 40 million Credit Cards Compromised . Retrieved from http://money.cnn.com/2013/12/18/news/companies/target-credit-card/…

    • 1437 Words
    • 5 Pages
    Better Essays