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
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