December 23, 2013 - TargetGrunt
Massive Data Breach
Hello fellow Target loathers.
For those of you who haven’t heard, Target suffered a massive data breach between November 27th and December 15th, allowing as many as 40 million credit and debit cards and their information to be stolen. While it sucks that so much sensitive information was leaked, I’m glad something disastrous finally happened to this wretched company.
It’s estimated that Target will have to spend “at least $100 million to cover legal costs and to fix whatever went wrong,” and that’s not even counting the loss of reputation and sales (which has already caused my store to fall almost $200k short of forecast this month alone).
So if you know anyone who shops at Target, make sure they’re monitoring their credit/debit accounts for suspicious activity. Afterwards, take joy in knowing that Target finally got a bit of what’s coming to them for valuing the bottom line over the welfare of their employees.
Here’s an article for the curious:
http://www.washingtonpost.com/business/technology/target-data-breach-affects-40-million-accounts-payment-info-compromised/2013/12/19/5cc71f22-68b1-11e3-ae56-22de072140a2_story.html
Comments
Leave a Reply
You must be logged in to post a comment.
I just got this in my email:
Dear REDcard holder,
Thank you for your patience with Target as we work through the breach of certain credit and debit card information at U.S. Target stores between Nov. 27 and Dec. 15, 2013. Due to high volumes to our call centers, we want to make sure that you have some key information.
We want you to know a few important things:
You do not need to call us unless you found charges on your account that you didn’t make.
You will not be held liable for any fraudulent charges.
We have made changes to our REDcard fraud detection and authorization procedures to further protect you.
We are offering free credit monitoring for one year to every single person who was impacted by this crime. We will give you more information about that soon.
If you have concerns and would like to check your account online, visit Target.com/REDcard.
For additional questions, check Frequently Answered Questions on Target’s corporate website.
We hope these resources help with your immediate needs.
If you still feel you need to speak with someone by phone, you may call 866-852-8680.
Thank you for your continued support of Target.
Scott Kennedy, President, Financial Retail Services, Target