Report: Target fiddled while the breach burned


Execs with Target (TGT) were warned about the breach of customer credit card information but sat on their hands, according to a Bloomberg Businessweek report.

The retailer's management in Minneapolis was warned after FireEye's malware detection software detected a breach and before the critical data was offloaded from Target's servers. Ultimately, as many as 40M credit card numbers and account information on 70M customers ended up flowing out of Target while the FireEye malware warning was slowly analyzed.

Bloomberg Businessweek interviewed over 10 Target employees inside the company's data security operations in determining the crucial timing.

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Comments (7)
  • aguyinthemidwest
    , contributor
    Comments (125) | Send Message
     
    This is not what I would call a complete article as one is left with a feeling that there must be a rational explanation as to why. Lets see what these so called employees said and lets see what Targets management said in responce.
    Then its worth putting into print
    13 Mar 2014, 08:26 AM Reply Like
  • whiff
    , contributor
    Comments (940) | Send Message
     
    Pardon the pun, but Target has made a huge bullseye of itself - they deserve some serious mud slinging after the fiasco they created. We might even find that they lowered the bar on data security to speed up their system.
    13 Mar 2014, 09:20 AM Reply Like
  • rajmadan
    , contributor
    Comments (29) | Send Message
     
    It does not say who warned Target Execs. I am sure Execs had to weigh the cost of shutting down the credit business, which I am certain was not an easy decision. I think the focus needs to be on who planted the virus and get that person.
    13 Mar 2014, 01:46 PM Reply Like
  • D.B. Kim
    , contributor
    Comments (137) | Send Message
     
    Holiday sales > beats customer protection ...
    13 Mar 2014, 03:48 PM Reply Like
  • User 15881492
    , contributor
    Comment (1) | Send Message
     
    Does it really matter that all those credit cards were stolen? Just close them and get a new card. The credit card system is so vulnerable that it creates these types of opportunities for thieves. Target is not the culprit, it's the credit card system that can't get off their ass to fix the problem. Europe moved away from these type of cards because its really easy to create fake cards with magnetic strips.
    13 Mar 2014, 04:02 PM Reply Like
  • sneaky
    , contributor
    Comments (6) | Send Message
     
    Read article on Yahoo Finance from Reuters. a possible, could have, were phrases in the article. This sounds like arm-chair quarterbacking again. Later in the article, FEYE was up 2% on Nasdaq on a day the Dow dropped over 200 points. Who really is feeding these articles to the media???
    13 Mar 2014, 06:27 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (824) | Send Message
     
    I've been trying to get details because I also defend credit cards. It is very frustrating that my government hides info from me out of what I can only take as an arrogant supremacy. The bad guys have better info feeds than the FBI, Secret Service and other Feds seem to be able to provide.

     

    More relevant to this story, you have to know how often this alarm system goes off. If it warns of a threat on every hourly scan, it isn't much use.

     

    And how about a story on the role of Visa / MC. A duopoly. Feds delegated it to regulate itself. Ancient protocols from the age of paper imprints. A PCI that says we do nothing, merchants must leave locks open but it's their fault. Processors use technology in their own terminals they will not allow Target to use. Banks charge back some fraud, pass on the cost of the rest, bear none. Licenses to audit are a revenue item to banks, as are penalties after breaches.

     

    Clearly there are conflicts of interest, if not outright malfeasance. Hacking is profitable.

     

    EMV delays continue as banks and processors foot drag. The press meekly types up the press releases and spouts the party line that merchants are the problem.

     

    E payment can't come too soon for me. I hope Amazon,Apple, eBay, Google clean their clocks.
    13 Mar 2014, 08:27 PM Reply Like
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