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The latest investigation into the massive data breach at Target has found that hackers entered the retailer's network by stealing a vendor's password and then patiently waited until the busy holiday season to strike.
February 11 -
How could this happen? Why is the U.S. payments industry still using archaic and notoriously insecure magnetic stripe card technology? And will the episode change anything? American Banker answers frequently asked questions about the Target breach.
January 22 -
Retail and financial services trade groups have launched a new partnership aimed at improving cybersecurity across both industries.
February 13
Target's cybersecurity staff urged the retailer to review the security of its payments system at least two months before hackers compromised its network, according to a
At least one Target intelligence analyst recommended that the store conduct an in-depth review of its payment systems' vulnerability to malware, a former employee told the Journal. But Target initially postponed the review, leaving it exposed to
Target was updating its payment terminals at the time of the warning, "a process that can open security risks because analysts would have had less time to find holes in the system," according to the Journal. The retailer was also preparing for the holiday rush season.
Target did not immediately respond to a request for comment or confirmation.
The hackers behind the data breach appear to have plotted the attack for