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Target Suffers Major Credit Card Security Breach

December 19, 2013
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Target was hit with an "extensive theft" of credit- and debit-card information over the Black Friday weekend, the Wall Street Journal reported Thursday.

The theft may have affected as many as 40 million accounts on Black Friday weekend and in the first two weeks of December.

Target confirmed the breach in a statement.

“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,”  Gregg Steinhafel, chairman, president and chief executive officer, Target, said as part of the announcement.

“We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”


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