Target (TGT) Received Internal Warning Ahead of Massive Card Breach
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Price: $137.21 +2.31%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.4%
EPS Growth %: +10.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 3.4%
EPS Growth %: +10.2%
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Could the glitch that caused 40 million Target Corp. (NYSE: TGT) credit- and debut-cards to have data stolen off of them possibly have been prevented?
The WSJ said Friday that Target computer security staff raised concerns over potential vulnerabilities in the retailer's payment system two months before last December's breach.
One analyst with the company asked to perform a security review of the system, which was initial brushed off. That review came as Target was updating its payment terminals, a process that can open up security risks as analysts would have less time to find holes in the system. Timing was also bad for the update, coming ahead of last year's Black Friday weekend -- generally regarded as the Super Bowl for retailers.
It wasn't made clear whether the requested review was carried out ahead of the attacks, which commenced between November 27th to December 18th.
Ahead of the request by Target security analysts, the federal government had sent out warning about a new type of computer hack which would target payment terminals.
Shares of Target are down 0.3 percent.
The WSJ said Friday that Target computer security staff raised concerns over potential vulnerabilities in the retailer's payment system two months before last December's breach.
One analyst with the company asked to perform a security review of the system, which was initial brushed off. That review came as Target was updating its payment terminals, a process that can open up security risks as analysts would have less time to find holes in the system. Timing was also bad for the update, coming ahead of last year's Black Friday weekend -- generally regarded as the Super Bowl for retailers.
It wasn't made clear whether the requested review was carried out ahead of the attacks, which commenced between November 27th to December 18th.
Ahead of the request by Target security analysts, the federal government had sent out warning about a new type of computer hack which would target payment terminals.
Shares of Target are down 0.3 percent.
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