Target Data Breach: Millions of In-Store Credit Cards Affected

Thursday, December 19, 2013

Ken Westin

21bc599fa4dd7ac5d5367f4398458adc

Multiple news sources are reporting that the Secret Service is investigating a data breach at Target in relation to millions of credit card and debit card numbers used in their stores.

So far it appears the breach affects all Target locations across the country and involves the theft of data stored on the magnetic strips on the cards. So far indications are that the breach from Black Friday to December 15th. However, the scope of the breach appears to be expanding as more information is discovered.

“The breach window is definitely expanding,” said an unidentified anti-fraud analyst at a top ten U.S. bank card issuer. “We can’t say for sure that all stores were impacted, but we do see customers all over the U.S. that were victimized.”

This is a case where even those who are not shopping online are affected, but those shopping at the physical stores with their credit cards. The attack itself might remind some of the attack on TJX Companies Inc., where 46.5 million credit card numbers were compromised over 18 months during a cyber intrusion.

Magnetic Strip Cards Increases Risk

The U.S. is one of the last markets to move away from the magnetic strip based cards to EMV (Europay Visa Mastercard) cards which provide greater security and safeguards from skimming and other forms of fraud that magnetic strips fall victim to.

The magnetic strip cards currently used in the US is based on technology developed in the 1960′s and is plagued with security and fraud issues. Using $25 hardware it is easy to replicate magnetic strip data onto a new card, if this is done en masse and orchestrated properly it can and has provided attackers with huge payouts.

Read More Here…

Cross Posted from Tripwire's State of Security

Possibly Related Articles:
16203
Credit Cards hackers data breach Target Hacked
Post Rating I Like this!
Default-avatar
Helen Baker Part of the law required card corporations to work in conjunction with the National Foundation for Credit Counseling to provide free assistance to customers in danger of default, commonly in the form of counseling. While they've held up their end of the bargain, recent NFCC studies have found that customers simply are not taking advantage, states Bankrate. Read more here: http://personalmoneystore.com/moneyblog/2011/05/27/credit-card-act-counseling/
1387454745
The views expressed in this post are the opinions of the Infosec Island member that posted this content. Infosec Island is not responsible for the content or messaging of this post.

Unauthorized reproduction of this article (in part or in whole) is prohibited without the express written permission of Infosec Island and the Infosec Island member that posted this content--this includes using our RSS feed for any purpose other than personal use.