Target acknowledges breach as customers seek help online
After Target disclosed a breach affecting about 40 million card accounts, customers reported difficulty contacting the retailer for help. The company said it is adding staff to call centers and improving its website while offering 10 percent off and free credit monitoring. Target CEO Gregg Steinhafel apologized and vowed to resolve the issues as investigations continue.
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New York
Target
Gregg Steinhafel
Discounter
Steinhafel
US S
TJX Cos
Target data breach exposes debit and credit card system flaws
The Target breach exposed vulnerabilities as criminals stole card data from up to 40 million shoppers. WhiteHat Security's Jeremiah Grossman calls the system inherently broken, noting the back of magnetic stripe cards holds name, number, code and expiry. Banks will absorb losses, while consumers face fraud risk and card replacements.
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Target
Jeremiah Grossman
WhiteHat Security
U.S
Zuckerberg nets 2.3 billion from Facebook stock sale
Facebook prices a secondary offering at 55.05 per share, yielding a 2.3 billion windfall for CEO Mark Zuckerberg. The plan follows a 55.12 close, as shares rebound from a low of 17.55 amid growth and mobile ad strength. Zuckerberg also pledges 18 million shares, about 985 million, to the Silicon Valley Community Foundation.
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Women Business Owners Network Postpones Jan 2 Meeting
The Women Business Owners Network will not meet on January 2. The next meeting is scheduled for January 16 with details to be announced.
MENTIONED IN THIS ARTICLE
Networ
Stores run marathon hours to end shopping season
Retailers extend hours in final days before Christmas with Kohl’s Macy’s Kmart Toys R Us offering 87 to 113 hours straight. Analysts say the push aims to recoup slower holiday sales as shoppers face a shorter season and stagnant wages.
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C. Britt Beemer
America’s Research Group
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