You Got Hacked Within the past year, there have been many credit and debit card hackings that have occurred, mainly targeting businesses in the United States. The three main businesses that have been targeted and successfully hacked have been Target, with 40 million card holders having their cards compromised, JPMorgan Chase, with a total of 76 million households and 7 million businesses being compromised, and The Home Depot, with 56 million card holders being attacked (Silver-Greenberg, Goldstein, Perlroth). In addition to the main stories about hacking that everyone hears about, there are many others that are never brought to the attention of consumers. Within the first half of 2014 alone, there were 76 breaches solely in the United States that caused credit card numbers to be compromised (Newsham). Learning about these situations struck me as extremely intriguing and lead me to want to learn even more about these hacking situations. In researching about this topic and looking in depth at all the information I found, I discovered that there are many other subtopics that interested me as well, including consumer hacking in general, how credit cards work, what technology is needed for credit cards to work, how information is stored safely within companies to prevent hacking, the technology behind hacking, the main programs used within hacking, if, and how, social media has effected hacking, learn more about what big name companies and bank franchises should be doing in
A direct cyberattack in 2014 to JPMorgan Chase caused a compromised of accounts effecting a total of 76 million households and seven million small businesses. We are clearly, in times when consumer confidence in the digital operations of corporate America is on shaky ground. In directly, banking is taking the brunt of the fallout but major stores also have breaches which of course are directly related to their financial data. Store like, Target, Home Depot and a number of other retailers have experienced major data breaches. 40 million cardholders and 70 million others were compromised at Target alone in 2013 and an attack at Home Depot in September, 2013 affected 56 million cardholders.
During the last Christmas season, Target announced that their data security was breached. According to David Lazarus in Los Angeles Times, Target stated that roughly 110 million customers’ information was illegally taken from their database. The information included their credit/debit card info, phone numbers, and email addresses. Target is one of the most popular grocery stores in the U.S.; they have a substantial amount of consumers. Because of this incident, consumers' trusts for the store have been decreasing. Worrying about losing its customers, the company offered a free year of credit monitoring and identity-theft protection, so the customers will feel more secure. Not only Target, some other large retailers also faced the same issues. They want their customers to trust that the companies can protect private data. However, should we not worry? Data breaches have been going on for about a decade, but we have not seriously thought about the issue. In order to protect people’s privacy, the federal government should make new laws concerning companies’ handling of customer information.
In December of 2013, target corporation faced a serious security breach where over 40 million credit cards were stolen from different target stores. This paper is going to explore the problem, the background information about the problem, the controls that could have been in place to prevent the issue, the intended plan of control and the associated risks involved.
The Security breach that hit Target in 2014 was one of the worst ever. It exposed names, addresses, phone numbers, credit and debit cards information’s of 70 million customers. Target informed that all transactions and customers’ information between Nov.27 to Dec. 15 2014 were stolen on the attack by hackers. This attack affect millions and the giant store as well losing money when their sales declined to 2.5 percent. Target had to email all affected customers and help all of them with their own credit monitoring by offering free credit monitoring and identity theft protection and also make them no liable to any fraudulent purchase after the breach. It was a big deal and it was all over the news. Two suggestions I would give is one, add a protocol
This paper explores seven references that report the results from research conducted on-line regarding the 2013 Target breach. According to the website “Timeline of Target 's Data Breach And Aftermath: How Cybertheft Snowballed For The Giant Retailer” (2015), the breach occurred November and December 2013 in which customers who shopped at Target locations credit and debit cards were breached and their personal information was exposed. Upon their investigation, it was determined their point of sale system was hacked. “Wikipedia” states point of sale system which is used by third party vendors has cash registers as well as barcodes which stores customer’s information. The website “What is Packet Sniffer” (2016), Packet Sniffing may have been a way the attacked happened. “RAM Scraping Attack” website indicates what RAM means and how this type of attack happens. “What is a Firewall in Networking and How They Protect Your Computers” (2014), “What is Endpoint Security? Data Protection 101” and “Why SSL? The Purpose of using SSL Certificates” websites each provide ways to reduce and/or prevent future attacks.
This paper explores seven references that report the results from research conducted on-line regarding the 2013 Target breach. According to the website “Timeline of Target 's Data Breach And Aftermath: How Cybertheft Snowballed For The Giant Retailer” (2015), the breach occurred November and December 2013 in which customers who shopped at Target locations credit and debit cards were breached and their personal information was exposed. Upon their investigation, it was determined their point of sale system was hacked. “Wikipedia” states point of sale system which is used by third party vendors has cash registers as well as barcodes which stores customer’s information. The website “What is Packet Sniffer” (2016), Packet Sniffing may have been a way the attacked happened. “RAM Scraping Attack” website indicates what RAM means and how this type of attack happens. “What is a Firewall in Networking and How They Protect Your Computers” (2014), “What is Endpoint Security? Data Protection 101” and “Why SSL? The Purpose of using SSL Certificates” websites each provide ways to reduce and/or prevent future attacks.
The Target Corporation was exploited in December 2013 and then again in 2015. These breaches included customer’s personal identifying information and retailer’s data. This credit card data breach is a prime example of weak security and infrastructure. This breach happened over the course of one of the United States’ major holiday seasons, Christmas. The security issue involved hackers accessing Target’s customer 's credit and debit cards by the machines that were being used to swipe the cards. These hackers accessed Target’s network with a stolen username and password from a company that was providing refrigeration and HVAC services. This company could access Target’s network `remotely to monitor energy consumption and temperatures. With that, the hackers uploaded malware software on the Target’s credit card machines. The customer data hack happened across the nation, and it was performed in stores and not an online breach of Target customer information.
On Dec 19, 2013 Target Corporation announced to the world that they had suffered a major data security breach. Due to Target Corporations poor stance on network security, hackers were able to steal over 40 million payment card records, encrypted PINs and 70 million customer records during the Black Friday sales week. Initial reports indicated that it was malware placed on their Point of Sales (POS) system, but that was just the tip of the iceberg of the breach. If there had been better security from the start this breach could have been avoided or greatly reduced.
From November 27 to December 15, 2013 Target Corporation released 70 million customers’ personal information. On average, it takes companies 200 days to uncover they are being hacked (Lunden, 2015). It only took Target 12 days to figure out the crisis that began happening. On December 19, Target originally said only 40 million credit and debit card accounts may have been compromised during Black Friday weekend to December 15. “The information stolen included customer names, credit or debit card number, and the card’s expiration date and CVV” (McGrath, 2014). Although Target never clarified how they were hacked, security experts say that hackers targeted their POS system. “Target spent $61 million through Feb. 1 responding to the breach, according
In the past 12 months, there have been nearly 432 million accounts hacked belonging to many websites and applications. Many of this information stolen was sensitive, personal data such as credit card information, phone numbers, passwords, and even addresses.
The Target data breach remains one of the most notable breaches in history, it was the first time a CEO of a major corporation was fired due to a security event. The breach received an enormous amount of attention, it caused corporations and individuals to change the way they think about information security and data protection. Between Thanksgiving and Christmas 2013 hackers gained access to 40 million customer credit cards and personal data of 70 million Target customers. The intruders slipped in by using stolen credentials and from there gained access to vulnerable servers on Targets network to launch their attack and steal sensitive customer data from the POS cash registers. All this occurred without a response from Targets security operations center, even though security systems notified them of suspicious activity. The data was then sold on the black market for an estimated $53 million dollars. However, the cost to Target, creditors, and banks exceeded half of a billion dollars. This report will review how the infiltration occurred, what allowed the breach to occur including Targets response, and finally who was impacted by the security event.
In 2013, A US retailer Target got hacked in their payment system. Credit card information, addresses and names of 100 millions of people were leaked (Adee, 2015). Curiously, a few months later, one of my credit cards, used in Target recently before the hacking, had many abnormal purchase on physical and online store transactions. I can solve the problem and remove unpurchased value on credit card account, but it costs me many days. I had to fill out some form, I called many times to the bank for the claim, I listened some wonderful music while I was waiting for a representative to attend to me, and get the same message, “all of our current representatives are busy right now, wait for the next available representative or call back later…”, over
The potential of violations can come from numerous sources (Lawrence & Weber, 2011) (Consumer Information). Recently Equifax had a data breach of their customer’s personal information. The hackers accessed the names, social security numbers, birthdates, and addresses of 142 million American consumers (Consumer Information). This is frightening and happens more often that we think. According to PricewaterhouseCoopers executive, ”Cybercrime has emerged as a formidable threat. Over the years millions have fallen victim to theses attacks. In a survey of 583 U.S. companies, 90 percent said that hackers breached their company’s computers over the last twelve months (Lawrence & Weber, 2011). Cyber crimes occur when hackers attempt to damage or destroy a computer network or system of company’s data. Criminals will use one of the most harmful systems around. This system is called a zombie. A zombie is
For some individuals, hacking can be a hobby they like to undertake in order to analyze how many computers or the systems they can gain access to. While hacking seems harmless, there are those who do this vice maliciously so that they can get access to customer/ client information, the details of credit cards, their passwords, email addresses and identity fraud (Riem, 2001). Having this unauthorized access to these information warrants an arrest, and should the criminals be found, they are liable for their crimes.
Their operations are very slick and swift such that stolen data is quickly exploited within seconds of being submitted by unsuspecting victims. Since 2005, over 400,000 databases have been compromised since 2005, and thousands more have gone unnoticed or reported. About 40 percent of those involved in IT security have no fixed figure on the number of hackings their companies have experienced. One of the rapidly increasing areas of ecommerce is in the use of web-based applications to replace traditional over-the counter transactions. Hackers have expectedly, latched on. According to a study by Gartner, over 75 percent of Internet security breaches are due to flaws and loop holes in software. The reason for this is that, applications are normally designed and put together quickly to get the system running, and no time is spend analyzing and assessing security implications. As computer hackers continue to step up their operations in line with technology advancements, the securities and future industry recorded a 150 percent increase in the number of suspicious activities detected by their systems. During the same time, research carried out at the University of Maryland indicated that a computer connected to the Internet was subject to an attempted hack every 40 seconds. The battle between ecommerce websites and consumers wages on, according to an independent analyst, ‘consumers are losing a tug of war.’ Simon Smelt, an economist who runs a survey company