As Target continues to respond to the security breach that has now been estimated to affect up to 110 million people by NBC News.com‚ analysts continue to zero in on the statements and actions by CEO‚ Gregg Steinhafel. And positively so. In the Wall Street Journal article titled‚ “Target Tried Antitheft Cards‚” authors Paul Ziobro and Robin Sidel highlight statements now being made by Steinhafel and actions taken in the past concerning chip-based credit cards. Although the article states that
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Breaches 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
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Cost of Data Breaches When data breaches occur‚ it can be extremely costly towards a company. They may be required to pay fees directly to consumers‚ or pay for technology that increases their security so a hack does not occur again. Either way‚ corporations should understand the cost that a hack of consumers’ information could cost them. Ponemon Institute researched this and found‚ “data breaches cost companies an average of $221 per compromised record – of which $145 pertains to indirect costs
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After the colossal Equifax data breach‚ should CEO Richard F. Smith be put in jail? According to NBC‚ the breach affected up to 143 million people. This is nearly half the population of the United States. The breach revealed credit card numbers‚ social security numbers‚ addresses‚ and other information. NBC also stated the breach did not just affect Equifax customers meaning everyone should be cautious. These and other reasons are why individuals believe Richard F. Smith should be jailed. Richard
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Introduction Numerous data breaches and computer intrusions have been disclosed by the nation’s largest data brokers‚ retailers‚ educational institutions‚ government agencies‚ health care entities‚ financial institutions‚ and Internet businesses. A data breach may occur when there is a loss or theft of‚ or other unauthorized access to‚ data containing sensitive personal information that results in the potential compromise of the confidentiality or integrity of data. Sensitive personal information
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During‚ and leading up to‚ the recent data breach that occurred at Target‚ it is evident that many mistakes were made at the executive level. As any company‚ Target possesses a primary goal of balancing both effectiveness‚ and efficiency; however‚ the organization under CEO Greg Steinhafel did not achieve these goals simultaneously. Prior to the data breach experienced by Target‚ the company primarily focused on efficiency --- the act of determining and implementing the most cost effective method
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Utah Department of Health Data Security Breach September 12‚ 2013 Accounting Information Systems Utah Department of Health Data Security Breach Introduction On March 10‚ 2012‚ thousands of people fell victim to having their social security numbers‚ birthdays‚ names‚ addresses‚ and even their medical diagnosis stolen by computer hackers. On April 2‚ 2012‚ the breach was realized and 780‚000 people learned that their identities were stolen and would now need to monitor their credit
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TJX- SECURITY BREACH MGSC 6201-02 INDUSTRY/COMPANY CONTEXT: TJX Companies‚ based in Framingham‚ MA‚ was a major participant in the discount fashion and retail industry. The TJX brand had presence in the United States as well as in Canada and Europe. In mid-2005‚ investigators were made aware of serious security breaches experienced in TJX’s credit card system. These breaches were first found at a Marshall’s located in St Paul‚ MN in which the hackers implemented a “war driving” tactic to steal
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Study: The Home Depot Data Breach 1. Security Problem/Incident The theft of payment card information has become a common issue in today’s society. Even after the lessons learned from the Target data breach‚ Home Depot’s Point of Sale systems were compromised by similar exploitation methods. The use of stolen third-party vendor credentials and RAM scraping malware were instrumental in the success of both data breaches. Home Depot has taken multiple steps to recover from its data breach‚ one of them being
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One of the most common responses I get from small-business owners when I talk to them about data security goes something like this: "Who would want to steal anything from us? It’s not like we’re the NSA." The hard truth is that any business is a target for bad guys. Just like any home can get robbed‚ any car can get stolen‚ and any eBay account can get hacked. It doesn’t matter what kind of business you’re in. You are vulnerable. * * Startup Books * Free Trade Magazines * Classifieds
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