Arab Today, arab today target data breach hit 70m customers
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

Target: Data breach hit 70m customers

Arab Today, arab today

Arab Today, arab today Target: Data breach hit 70m customers

New York - AFP

Giant US retailer Target said Friday that its recent data breach affected about 70 million customers, more than it initially estimated, and that the hacking incident had hit December sales. Target, one of the biggest US retailers after Wal-Mart Stores, sharply lowered its fourth-quarter earnings outlook and said it was unable yet to estimate the costs related to the breach. Target revealed on December 19 its payment card data had been breached, affecting about 40 million customers. The stolen data included credit and debit card data, customer names and PIN (personal identification data) numbers. But in investigating the November 27-December 15 breach, Target said, it uncovered other types of information were also stolen. The information theft includes names, mailing addresses, phone numbers or email addresses for up to 70 million people, it said in a statement. "I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are having to endure this," Gregg Steinhafel, Target chairman, president and chief executive, said in the statement. Target said consumers would have "zero liability" due to any fraudulent charges arising from the breach. It offered one year of free credit monitoring protection. Target also said fourth-quarter earnings had been hit by "meaningfully weaker-than-expected sales" since it disclosed the data breach. Target now expects fourth-quarter comparable store sales to decline 2.5 percent from its prior forecast of flat sales. Target said earnings for its US segment were estimated for the fourth quarter at $1.20-$1.30 per share, down from the prior guidance of $1.50-$1.60 per share. The company said it may need to take a charge for expenses related to the data breach to cover a number of potential costs, including reimbursements for credit card fraud, liabilities from civil litigation, government investigations and enforcement proceedings. "These costs may have a material adverse effect on Target's results of operations in fourth quarter 2013 and/or future periods," Target said. Target shares have underperformed the S&P 500 since the disclosure. Target shares dropped 0.7 percent in opening trade Friday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today target data breach hit 70m customers Arab Today, arab today target data breach hit 70m customers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today target data breach hit 70m customers Arab Today, arab today target data breach hit 70m customers

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday