Damn.....it has now been updated to 3 other smaller retailers besides Target and Neiman Marcus. Possible credit card breaches and these retailers had outlets at malls.
Reuters: Other US Retailers Hit By Holiday Credit Card Data Breach.....
I hate to say that this news is unsurprising, but it is. Reuters is reporting tonight that during the recent holiday shopping season at least three other smaller US retailers were hit by possibly similar credit card data breaches as Target and Neiman Marcus. When news of the Neiman Marcus breach began surfacing earlier today, there was a sense that more was coming. According to the Reuters report the other US retailers affected by the data theft have yet to be publicly disclosed but sources say the other retailers involved had outlets at malls.
Smaller breaches occurred at possibly three other well-known U.S. retailers and were conducted using similar techniques as the one on Target, according to the people familiar with the attacks. The outlets and information regarding those breaches have yet to be made public. Also, similar breaches may have occurred earlier last year.
Reuters sources say that the thieves may possibly be the same as those who struck at Target. Suspicion is that the culprits are based in Eastern Europe.
But the scope of these breaches is now reaching such a dramatic scale that we are certain to see large ramifications affect retail sales in the US going forward.
If the scale of these thefts continues to grow, I also wouldn’t be surprised if this doesn’t move from concerns about commercial theft to one that begins discussing these attacks as acts of terrorism.....snip~
Reuters: Other US Retailers Hit By Holiday Credit Card Data Breach
Hey there MMC. Oh boy. I didn't see the names of the other three, I only hope they aren't businesses I shopped.
Killing one person is murder, killing 100,000 is foreign policy
At least more on the rumor of organized crime came out and that they know it is connected to those in Eastern Europe. I am just wondering who other than the Russian Mob is coming out of Eastern Europe as a Criminal Organization powerful enough and known globally?
Update: Sub committee on Commerce and Consumer Protection Chairs.....have now contacted target. That 110 Million caught their attention.
Senators ask Target CEO for information on data breach.....
Two key U.S. senators have written to Gregg Steinhafel, chief executive officer of Target Corp, seeking "detailed information" on the hacking of credit and debit cards of millions of customers during the holiday shopping season.
"We ask that Target's information-security officials provide a briefing to committee staff regarding your company's investigation and latest findings," John Rockefeller, chairman of the Senate Commerce Committee, and Claire McCaskill, chair of the Commerce subcommittee on consumer protection, wrote to Steinhafel in a letter dated January 10 and released on Tuesday.....snip~
Senators ask Target CEO for information on data breach
More news on the Target Data Breach.
Target data breach could be costly for payment partners.....
Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping season.
Target's partners "have deep pockets and are intimately involved in certain aspects of how Target gets paid," said Jamie Pole, a cyber security consultant in Asheboro, North Carolina, who works for government agencies and the financial industry.
Fines and settlement costs could reach into the millions of dollars for individual companies, he said, though much will depend on how the ultimate liability for the breach is determined.
After its systems were penetrated by hackers in the mid-2000s, retailer TJX Companies Inc agreed to pay up to $40.9 million to cover fraud costs in a settlement with Visa. Visa also issued penalties of $880,000 against Fifth Third Bancorp of Ohio, which processed transactions for TJX.
FINING THE MIDDLEMEN
Fines in cyber cases have drawn some push-back from merchants. In a case in U.S. District Court in Nashville, Tennessee, specialty retailer Genesco Inc Inc is suing Visa over the $13.3 million it says Visa wrongfully collected from its banks, Wells Fargo & Co and Fifth Third.
Visa collected the money after a cyber-attack obtained payment data, though the data was handled within industry standards, according to the company's complaint.
Wells Fargo declined to comment. A spokeswoman for Fifth Third did not respond to questions. In court filings Visa defended its actions as in keeping with laws and contracts.....snip~
Target data breach could be costly for payment partners
Lesson learned... always use credit cards to pay service people. I got a new one solely for that purpose.
Understand Target actually involved 110 million card holders.