- The hacker behind the massive data breach at Target (TGT -1%) is a 17-year old Russian, according to intelligence firm IntelCrawler.
- Though Target and Neiman Marcus have been front and center with their disclosures, the malicious malware involved in the attack is now out in the wild and could be used against any retailer which has a point-of-sale vulnerability.
- The scope of the security breach, along with the sudden interest by Congress in the issue, has increased the likelihood that the entire retail sector may be forced to upgrade their systems at a steep cost.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, PMR, FDIS, RCD, PEZ, PSCD
The 17-year old who gave the retail sector a giant headache
Jan 17 2014, 15:06 ET