Jan 29, 2014

Consumers Target-ed: the US retail data-mining scandal

Hackers managed to steal data about millions of customers from retail giant Target at the tail end of last year, and the effects are still being felt. Are Americans about to get serious about personal financial security?

Andrew Murfett ā€” Freelance journalist in Florida

Andrew Murfett

Freelance journalist in Florida

For a nation obsessed with national security and, well, security in general, Americans have retained almost a laissez-faire attitude toward personal financial security. No longer. An extraordinary, brazen theft of consumer data from three large national retailers is gradually being absorbed around the country.

The heist has directly impacted between 70 million and 110 million shoppers — or a third of all Americans — and will have long-term adverse effects on the retail colossus that is Target. It will cost the group tens of millions of dollars and significant customer goodwill.

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2 thoughts on “Consumers Target-ed: the US retail data-mining scandal

  1. zut alors

    Perhaps companies should consider motivating customers to pay cash. There are no associated hassles.

  2. Liamj

    I wonder what % of Targets sales are on credit and is it a growing or shrinking share? Not taking credit cards might exclude many customers.

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