The Target Breach, By the Numbers
Summary: Krebs on Security compiled the figures from Target's 2013 breach: thieves stole 40 million credit and debit cards between Nov. 27 and Dec. 15, 2013, plus 70 million records containing shoppers' names, addresses, emails and phone numbers. Target held no CISO or CSO position at the time, its fourth-quarter 2013 profits fell 46 percent year over year, and outgoing CEO Gregg Steinhafel stood to collect $55 million in compensation and benefits.
Key Takeaway: Hackers likely generated $53.7 million reselling roughly 2 million of the stolen cards at a median price of $26.85, while credit unions and community banks faced an estimated $200 million to reissue 21.8 million cards - and Krebs notes that Chip-and-PIN terminals without end-to-end encryption would have stopped zero cards from being stolen.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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