It’s not just the scale of the breach – Target themselves estimate that 40 Million payment card numbers have been stolen, along with 70 Million customers’ personal information – that makes this such a significant event.
It isn’t even the eye-watering potential repercussions that may ensue from this (stolen payment cards sell for between $20 and $100 – that’s because in the right (wrong?) hands, a card can be cloned many times and, if used in a disciplined operation, can net $1000’s).
Numerous Class Action lawsuits are being filed by banks and customers for consequential losses – it costs a bank around $5 to provide a replacement payment card as a pre-emptive action but fraudulent transactions could cost much more. But it’s the fact that America’s 3rd largest retailer can seemingly be turned over in such a spectacular manner.
The natural assumption is that all leading retail organizations would be well protected, with substantial security measures in place. However, reports suggest the breach has been perpetrated using what appears to have been a pretty well-understood attack strategy.
About New Net Technologies
New Net Technologies is a global provider of data security and compliance solutions.
We are firmly focused on helping organizations protect their sensitive data against security threats and network breaches in the most efficient and cost effective manner.
NNT’s easy to use security monitoring and change detection software combines Device Hardening, SIEM, CCM and FIM in one integrated solution, making it straightforward and affordable for organizations of any size to ensure their IT systems remain secure, malware-proof and compliant with the corporate build-standard at all times.
New Net Technologies will safeguard your systems and data, freeing you to focus on delivering your corporate goals.