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The Target breach has many in the industry thinking: Has the time come for EMV? Is the magnetic stripe dead? What is the final solution to card fraud, if there is one?
December 23 -
As the industry reels from the massive data breach Target announced Thursday, there's debate around the best way for banks to respond.
December 20
On the heels of Target's reveal Friday that a
"The news that Target has discovered a breach involving 70 million customers is deeply troubling," Schneiderman said in the statement. "Consumers in New York and around the country expect and deserve companies that protect their personal information when they shop on their websites and in their stores. That is why my office is participating in a national investigation into this breach, why I pressed Target to provide free credit monitoring for the 40 million Target customers identified last month, and why I insist it extends the same service to every new victim."
Also Friday,Target (TGT) lowered its U.S. unit's fourth-quarter forecast in the wake of its announcement that more people and information was taken than initially thought.
In Target's disclosure today, the retailer said names, home addresses, and email addresses of 70 million customers were all stolen in the security breach, which occurred from Nov. 27 to Dec. 15. Earlier, the company said the credit and debit card data of 40 million customers had been compromised in the breach.
