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Target Admits Data Breach May Have Up To 110 Million Victims
Nerval's Lobster writes "Retail giant Target continues to drastically downplay the impact of the massive data breach it suffered during December, even while admitting the number of customers affected is nearly twice as large as it had previously estimated. Target admitted today the massive data breach it suffered during the Christmas shopping season was more than twice as large and far more serious than previously disclosed. A Jan. 10 press release admits the number of customers affected by the second-largest corporate data breach in history had increased from 40 million to 70 million, and that the data stolen included emails, phone numbers, street addresses and other information absent from the stolen transactional data that netted thieves 40 million debit- and credit-card numbers and PINs. 'As part of Target's ongoing forensic investigation, it has been determined that certain guest information — separate from the payment card data previously disclosed — was taken during the data breach' according to Target's statement. 'This theft is not a new breach, but was uncovered as part of the ongoing investigation.' The new revelation does represent a new breach, however, or at least the breach of an unrelated system during the period covered during the same attack, according to the few details Target has released. Most analysts and news outlets have blamed the breach on either the security of Target's Windows-based Point-of-Sale systems or the company's failure to fulfill its security obligations under the Payment Card Industry Data Security Standard (PCI DSS)."
According to the Census Bureau, there're about 115 million households in the US. Target has basically admitted that the theft amounts to their entire database.
I'd like to think that this would mean the end of the credit reporting rackets; how can anybody even pretend any more that that data is meaningful when this sort of fraud is taking place? But I also wanted to think that the Snowden revelations would have meant the end of the NSA, so clearly I'm not somebody anybody is paying or should pay attention to.
Cheers,
b&
All but God can prove this sentence true.
By the major credit card companies for gross negligence and conspiracy for fraud.
No, the major credit card companies need to be sued by the entire US population for setting up the entire credit card processing system in this nation to be a sick a security joke. A plaintext number embossed on a plastic card available for every restaurant waiter to jot down? Give me a break.
The only piece of sensitive info used during a credit card transaction should be a private key that stays inside in a tamper-resistant chip embedded inside my credit card. Everything else should be encrypted, and not even seen by parties such as waiters or Target.
They got mag stripe data which allows them to print copies of the cards. The PINs were supposedly encrypted with 3DES (which isn't exactly robust) though Target has been less than forthcoming about any real details so I don't trust their claims. And if the one-time keys were sent to the PIN pads with each transaction, and the hackers were sniffing network traffic (which is what I suspect for them to have gotten every part of every CC/DC transaction), then they got the keys on their way into the PIN pads and the encrypted PINs on the way out.
The additional customer records (some of which I assume overlap the RedCard holders whose CC's were nabbed in the first breach announcement) may be from target.com, or from RedCard applicants (approved and denied), or the gift registry and maybe even the pharmacy.
We haven't seen the end of this yet. And Target will be dealing with the legal, regulatory and civil fallout from this for years. Talk about flushing away hundreds of millions of dollars.