What Is Target's Database Hacked

Decent Essays
After reading the article what I summarize that Target's Database was hacked. The hackers used the information from the database to steal people’s information and money. This caused Target a problem between the customers and company. Target had to offer $10,000,000 to fix the issue, and paid each customer who were victims would receive up $10,000. This caused Target to close all the of their stores in Canada, and lay off about 34,000 employees.
This article deals with business and profit, because the payment that Target had to give out affected their profit. This payment increased their expenses that they had to pay for, including lawyer expense.
I agree with the plan that Target put forth to avoid another situation like this. You can only

Related Documents

  • Improved Essays

    Breach of Non-Disclosure Agreement Costs Sears $25 Million." Bromberg Sunstein LLP (June 2008): n. pag.…

    • 577 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Northgate Swot Analysis

    • 619 Words
    • 3 Pages

    In over 113 years in business, the total revenue of the target has made 72.618 billion in the according to the U.S Market. Target is now focusing in seeking new innovative way to provide their guest more value and strengthen the business in the community. Target is a wide range from food items to video games, a huge variety of choices and remarkable prices compared as well to other stores. Target is now operating an Australian version of the cooperation, in 1973 although from the naming rights, the American and Australian companies unaffiliated. Target carries a huge variety of produce from deli items to sport equipments as well having popular brands.…

    • 619 Words
    • 3 Pages
    Decent Essays
  • Great Essays

    Target quickly removed the malware that was being utilized by the cybercriminals Date 5: December 19, 2013 (34 days after Date 1) – Target officially announces attack and the theft of debit/credit information. Target also launched a major public relations operation to assure their customers that the technology used by the attackers had been found and…

    • 591 Words
    • 3 Pages
    Great Essays
  • Decent Essays

    Target Corporation’s sales in January 31, 2015 to January 30, 2016 increased from $72,618 to $73,785. However, there was a major downturn of $73,785 to $69,495 from 2016 to 2017 respectively. The earnings from continuing operations before interest expense and income taxes of Target Corporation also grew from 2015 to 2016 but plummeted from being $5,530 in 2016 to $4,969 in 2017. Furthermore, the earnings from operations before income taxes in 2015 was $3,653 and later on increased in 2016 with a value of $4,923. Moreover, the net earning from Target Corporation’s continuing operations was also increased from 2015 to 2016 which means that Target did a superb job in doing their required tasks for servicing the customers.…

    • 152 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Data breaches caused by illegal hacking at Target were in themselves tragedies and worrisome events; not only for the company, but for the customers in general who shop at the store locations nation-wide. However, considering various steps taken by Target upon realization of the breaches, it is hard to defend or picture exact wrongful doings or violation of laws by Target. Let’s keep in mind that electronic data and information breaches are hard to prevent; this is mostly due to interconnectivities of globally devices. As such, laws do not persecute companies for hackers breaking into their networks; instead, there are laws binding companies to put required secure methods and practices in place to mitigate hacking or data thefts; also, once a breach is noticed, laws require that such incident be reported immediately and those affected be notified. Here's what happened after; "Target alerted authorities and financial institutions immediately after we discovered and confirmed the unauthorized access, and we are putting our full resources behind these efforts.…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Target Canada Company Target Canada company was a subsidiary of the famous target corporation based in the United States. The company came into existence in 2011, and its base was in Canada. Its functions were to control and run the operations of Target Corporation in Canada. It was a discount departmental store selling various products. I chose this company because it failed to control the market and win the hearts of the Canadian consumers despite its initial extensive expansion.…

    • 323 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Target is known for their dependable merchandise and wide variety of stores located across the United State. In total, Target has 1,826 stores nationwide and over 323,000 current employees (Corporate Fact Sheet). Target sells groceries, clothing, furniture, outdoor furniture, technology, home décor, and much more. Target has…

    • 259 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The only ethos that there is, is that Target is very well known. No one really ever says anything bad about Target, it is very useful and credible. The logos that is going on is not exactly real. That two girls will bond over the same store they bought their supplies at? Not likely.…

    • 947 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Target has designed a proven business model that is based on consumers looking for a one-stop shop retailer that stock multiple products at discounted prices. The business models target the customers they serve and the ability to provide low cost products and purchase those products in high volume at a low cost (Target.com, 2017). Contrary to what Target have designed and what has led to their success, Doller Tree, Family Dollar, and Dollar General is also a low-cost provider that offers a wide range of national brands. The difference is that it all costs $1.00.…

    • 713 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Target Breach

    • 1769 Words
    • 8 Pages

    I believe this was the best move for the company. They could not inform the public before they fixed the problem. Target also released multiple press releases following the incident to keep customers informed on the hack. I believe Target informed the customer’s in a timely manner, but could have done it in a better way. They emailed the customers in regards to the data breech, but so were spammers and other hackers.…

    • 1769 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    Ackman Case Study Summary

    • 960 Words
    • 4 Pages

    In the summer of 2007, William Ackman Attained 9.6% of Target’s outstanding shares. As an activist shareholder, William Ackman had a goal to work with Target’s management and bring up their share price while also working to get on the board of directors. There were three critical changes Ackman wanted to bring about Target’s operations: selling Target 's credit card business, increasing its stock buyback program, and selling a portion of their real estate holdings. With those three changes, Ackman believed from his past experiences, he could help Target increase their valuation.…

    • 960 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The quality of clothes sold at Target is much better than Walmart. Although Target sell their items at a higher price, they are still affordable. Both of these corporations have outside food chains in their stores. In Walmart you see McDonalds as soon as you walk in. In Target you see Starbucks and Pizza Hut on the left side as soon as you walk into the store.…

    • 651 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Target Canada Essay

    • 1597 Words
    • 7 Pages

    No one would argue that this move failed to provide the retail chain a nearly-immediate foothold in the Canadian marketplace, but the move ended up being entirely too rapid for Target to handle. As discussed earlier, the physical locations of many branches were also less-than-ideal and strayed from Target’s United States business model. Instead of such an impatient tactic, Target Canada would have been well-served to mirror the efforts of chains such as Costco and Nordstrom, who both adopted a far more methodical approach in order to build sufficient supply chain infrastructure and work out operational kinks before investing excessive capital. While Wal-Mart also bought out leases when it entered Canada decades earlier, it too adopted a more methodical overall growth rate than Target did.…

    • 1597 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Target Corporation Essay

    • 1079 Words
    • 5 Pages

    Target says that their purpose is to “fulfill the needs and fuel the potential of our guests. That means making Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional experiences” and keep their promise of paying less and getting more. They have a goal to try to make every customer feel like as if the store was their home. They couldn’t have shown it in any better way than using the Caroline’s Cart.…

    • 1079 Words
    • 5 Pages
    Great Essays
  • Great Essays

    They used a strategy known as target outranking that helps the retailer to outrank competitors and outrank bidding shares as well in the global market (Chiang et al.,…

    • 1419 Words
    • 6 Pages
    Great Essays