Arab Today, arab today target data breach hit 70m customers
Last Updated : GMT 11:09:22
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.

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 Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares

GMT 16:50 2017 Wednesday ,22 February

Yahoo salvages Verizon deal
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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