The Target breach was larger than expected that about 70 million customers were affected but really about 110 million customers were affected. I don't think they really know. Another large retailer said that they had been breached as well. but no names we're released. it is said that it could be the largest retail breach in us history. the CEO says ""Clearly we are accountable and we are responsible—but we are going to come out at the end of this a better company and we are going to make significant changes," Target CEO Gregg Steinhafel said in an interview with CNBC." Along with the 40 billion people that got all their credit info stolen, the hackers took addresses and email addresses and phone numbers. And not only just the people that went shopping during the holidays but the people that they stole the peoples identity were stored as well as new. which is extremely scary. and maybe even online shoppers. in closing this is a crazy event and it makes target look bad.
http://money.cnn.com/2014/01/13/news/target-neiman-marcus-hack/index.html?hpt=hp_t3
In my opinion Target isn't handling this whole thing the way i feel that they should be responding more regretfully , but i know that there was nothing that they could do about it, but as an extremely large company that deals with many people every single day . Most every person that i have ever talked to has shopped at Target at least once and think about the amount of people that don't use cash. what about all the people that have target credit cards . How does that affect them? I know that you are wondering how is this attached to Economics well, it is directly connected with it because it is dealing with peoples credit cards being sold on the black market. How is this going to affect the credit scores of the american people? As my closing all i have to say is get it together Target.
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