View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
February 5, 2014

Target and Neiman apologise over data breaches

Target plans to introduce chip-based credit cards to fight data breach.

By CBR Staff Writer

Executives at US retailer Target and Neiman Marcus have apologised before the US Senate Judiciary Committee over recent data security breaches that disclosed the data of millions of customers.

Target executive vice president John Mulligan said: "We know this breach has shaken their confidence in Target, and we are determined to work very hard to earn it back."

"I want to say how deeply sorry we are for the impact this incident has had on our guests – your constituents," Mulligan added.

Neiman Marcus chief information officer, Michael Kingston, claimed that the actual number of accounts hit by the breach was less than the reported figure of 1.1 million accounts.

"We do believe because the malware was only operating at certain times that the number is less than that," Kingston told Reuters.

Kingston also said that there was no sign that the data breach had posted transactions on the company’s website or at its restaurants, while its PINs were also not compromised.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Committee Chairman Patrick Leahy said that US consumers deserved to know when their private information had been compromised and what businesses were doing in response to cyberattacks.

"Public confidence is crucial to our economy," Leahy said.

"If consumers lose faith in business’ ability to protect their personal information, our economic recovery will falter."

In a move to avoid similar data breaches, Target revealed plans to invest $100m to adopt chip-enabled smart cards to prevent cyber theft.

The new chip-enabled smartcards, claimed to be safer compared to the commonly used magnetic stripes, incorporate minute microprocessors that encrypt personal data shared with sales terminals.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.