Question
Internet security -Target as case Study Retailers have seen major increases in cyber attack. Point of sale systems, vendor and supplier connected portals, even on-site
Internet security -Target as case Study
Retailers have seen major increases in cyber attack. Point of sale systems, vendor and supplier connected portals, even on-site system administrators, pose potential risks. All of these potential weak links in the chain came to light when target got hit, beginning on the biggest US shopping day, Black Friday.
Thecyber attack on Targethit all of the wrong numbers, (or right, depending on your point of view):
- 41 million customers' credit card information stolen
- $200 million estimated cost to banks and credit unions over replaced cards and disputed charges (which Target settled for $39 million)
- An estimated46% dip in profitduring the biggest shopping period of the season
- An $18.5 million recentmulti-state lawsuitsettlement with consumers
All told, Target lost an estimated$300 million
What are your general thoughts about internet security and what do you think Target could have done to prevent internet security onboard?
maximum three pages.
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