Final Paper

Topics: Credit card, Fraud deterrence, Fraud Pages: 4 (1598 words) Published: March 27, 2014

Target Breach & Internal Controls
By Andrew Alvarez
National University
February 23, 2014

Target corporation is one of the biggest retailers there is out there, bringing in an estimate of $74 million dollars a year in revenue. Majority of Target revenue is earned during the busiest time of the year, which are Black Friday and holidays. Target has had a huge positive reputation because of the “Expect More Pay Less” promise and giving 5% back to the community. However, Target has been going through some hard times because of the Target breach that occurred during the holidays of 2013. This research paper will focus first on introducing the Target breach and how it has affected the company and what the company has done to fix the problem. Moving forward, I will focus on internal controls that Target could have applied and summarizing everything towards the end.

Target Breach & Internal Controls
Target Corporation is a well known and respected retail store out there. Target is a corporation that buys goods from manufactures at a purchase discount price and reselling it to consumers in a higher price to make a profit. Target has brought in revenue of $74 million dollars a year and continues to grow every year. However, Target has gone through some hard times with the Target breach that just occurred during the holidays of 2013. Consumers have had a hard time trusting their card readers and loyalty and sales have been dropping ever since. The question that is now in the air is what internal controls that company had during this breach and what could they have done to avoid this breach that just occurred. To begin with, the company was running perfectly and driving outstanding sales until the company and guest found out that they had a breach, also known to the community as the “Target Breach.” “Target corporation confirmed that a major data breach occurred between Black Friday and...

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Edelson, S. (2013). Target confirms breach. WWD, 206(127), 3. Retrieved from
Ferris, K. R., Wallace, J. S., & Christensen, T. E. (2014). Financial accounting for
undergraduates (Second ed.)
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