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Target says data breach affected up to 70 million customers

10
Jan
2014

Target Corp said up to 70 million customers were hit by the theft of data over the holiday shopping season, a far more serious breach than previously disclosed. Shares of the company, which also slashed its fourth-quarter earnings forecast, fell slightly in early trading on Friday. The third-largest U.S. retailer said in December that hackers had stolen data from up to 40 million credit and debit cards between November 27 and December 15, the second-largest such breach reported by a U.S. retailer. The news raised concerns that Target had not yet fully grappled with the extent of the data breach.

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