Posted 03/13/2014 at 1:10 PM
Posted 3 years ago
According to a report here, Target ignored alarm bells alerting them that a serious breach in their computer security was taking place.
On November 30th, 2013, Target’s security team in Minneapolis was alerted that hackers were on the move.
This information was ignored by Target.
Gregg Steinhafel, Target’s CEO, said in an email message:
“Target was certified as meeting the standard for the payment card industry (PCI) in September 2013. Nonetheless, we suffered a data breach. As a result, we are conducting an end-to-end review of our people, processes and technology to understand our opportunities to improve data security and are committed to learning from this experience. While we are still in the midst of an ongoing investigation, we have already taken significant steps, including beginning the overhaul of our information security structure and the acceleration of our transition to chip-enabled cards. However, as the investigation is not complete, we don’t believe it’s constructive to engage in speculation without the benefit of the final analysis.”