Target, one of the biggest online retailers, acknowledged that its servers were hacked between Nov. 27 – Dec. 15 2013. Christmas shopping usually trickles in a little earlier because of Black Friday and Cyber Monday, all lined up simultaneously. Among many others, Target is a famous resource for online shoppers, therefore when someone hacks its servers for credit card information; we are talking about more than 38 million accounts.
While customers were busy shopping at the front end, Target developers were trying hard to resolve the issues at their side. However, yesterday, Target made an announcement stating that they had a massive data breach – and if you notice some unusual transactions in your credit card statement, you better have them reported asap.
The good news is that the exploit which allowed the hacker(s) to gain entry has been resolved. Obviously this guy or a team of guys were not ethical hackers – therefore instead of reporting the exploit, they just went ahead with stealing consumer data. Usually when these exploits and hacks are reported through proper channel, the company issues PayPal bounty rewards based on an ongoing program.
By the way, Target Canada shoppers are safe; their info remained intact. People who own Target RedCard for redeem codes and gift vouchers; they should call their bank to verify their credit card statements. This hack came at a time when popular shopping websites are facing high sales volume, which is why Target may have missed the intrusion when it occurred for the first time.
Gregg Steinhafel, Chairman and CEO of Target said, “Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause. We take this matter very seriously and are working with law enforcement to bring those responsible to justice.
Visa working with Target to get issues resolved:
For fraud prevention and to resolve affected Target shoppers’ issues, VISA is aggressively working with the company. Visa rolled out an email and public statement for all its account holders, reassuring them that usually theft of Credit Card info does not always result in fraud.
A Visa representative writes, “Because of advanced fraud-monitoring capabilities, the incidence of fraud involving compromised accounts is actually rare, and Visa fraud rates remain near historic lows.“