- Stolen Target (TGT -2.1%) credit and debit card information is being sold on underground sites for $44 an account, according to Bank Technology News.
- The nature of the security breach is very sophisticated and could be a wake-up call for both issuers and retailers, warns security expert Brian Krebs.
- The company is still hopeful it can unwind the hack to prevent having to cancel and re-issue a huge amount of cards.
- The impact on Target is still being debated (no big deal, big deal) by analysts, but either way the company is the unenviable position of having to warn customers they need to diligently check their activity for fraud. Target debit card holders with accounts tied to bank accounts have a bigger exposure than credit card customers.
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