(Reuters) Target Corp said data from about 40 million credit and debit cards might have been stolen from shoppers at its stores during the first three weeks of the holiday season, in the second-largest card breach at a U.S. retailer.
The data theft, unprecedented in its ferocity, took place over a 19-day period that began the day before Thanksgiving. Target said on Thursday that it identified and resolved the issue on December 15.
The company's shares fell as much as 3.2 percent before the bell.
Though smaller than the breach disclosed in March 2007 by TJX Companies Inc, parent of apparel chains TJ Maxx and Marshalls, the data theft took place over a much shorter period and hit shoppers at the beginning of the U.S. holiday season.
Target said the breach might have compromised accounts between November 27 and December 15, a period of nearly three weeks.
Read full article here.
0 comments:
Post a Comment