Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
You are here: Home / Network Security / Target Faces Lawsuit for Data Breach
DDoS Protection Powered By Verisign
Target Facing Class Action Suit Over Data Breach
Target Facing Class Action Suit Over Data Breach
By Jennifer LeClaire / CRM Daily Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
DECEMBER
20
2013


In the wake of a data breach that exposed the personal identifying information of 40 million Target consumers, a customer has filed a lawsuit against the discount retailer in a San Francisco federal court. Attorneys are seeking class action status.

The lawsuit claims negligence and invasion of privacy. The suit also alleges the stolen data may make it possible for criminals to create counterfeit credit cards by encoding the stolen information onto plastic cards that contain a magnetic strip. Finally, the suit claims the breach may also have revealed consumers’ personal debit card codes.

“Target failed to implement and maintain reasonable security procedures and practices appropriate to the nature and scope of the information compromised in the data breach,” according to the complaint.

Is a Lawsuit Really Necessary?

A class action suit against Target could open up a Pandora’s Box. Security industry analysts are waiting and watching, but it seems a class action suit may be a reach considering the damages.

“I did some traditional shopping at Target between November 27 and December 15, and so I am in the affected customer set. Unfortunately, beyond canceling one's credit card -- which is a hassle -- there is not much a customer can do in such a situation,” Wolfgang Kandek, CTO of Qualys, told us.

“I have started to log into my credit card account more frequently and check my transactions, but otherwise I am trusting the fraud detection algorithms that my credit card company uses, plus their 60-day claim guarantee. It will be interesting to see how the attackers got into the network and what technical countermeasures were in place, but that will take months to surface as the forensics in such a case are extremely time consuming,” he said.

The Nature of Modern Threats

We asked Chris Petersen, CTO and co-founder of LogRhythm, a log analysis firm, for his take on the breach. He told us Target has likely invested heavily in security, in technologies and approaches many would consider modern and right. Unfortunately, he added, today’s threats are quickly outpacing current security technologies and approaches -- what was recently modern and right, is quickly becoming outdated and ineffective.

"Companies are in an arms race against determined foes, whether they be cybercriminals, hacktivists or nation states,” Petersen said. “Their only hope of defending themselves is to ensure their defenses are truly modern. In some cases, this might mandate running next generation technologies in parallel with their legacy counterparts."

As he sees it, one specific area of modern investment is an analytics-driven defense. Only until very recently could companies leverage big data to root out threats they would otherwise be blind to.

“When big data is combined with machine-based behavioral analytics, the types of threats able to evade existing defenses can be detected early, prior to a large scale breach occurring,” Petersen said. “When networks are infiltrated and systems inappropriately accessed, normal behaviors within the IT environment will shift. When these behavioral shifts are recognized early, data breaches can be avoided."

Tell Us What You Think
Comment:

Name:

Deliberate Holes in our s:

Posted: 2014-05-30 @ 11:38am PT
I'd like to know whether the vulnerability was induced by the NSA or FBI as part of they're data gathering systems? Are we being fleeced for sake of someone else's prescribed security measures...

Jon H:

Posted: 2013-12-23 @ 7:51am PT
@Mike: Great idea!

Mike Jones:

Posted: 2013-12-23 @ 4:27am PT
Target should be required to and agree to provide free credit monitoring for a period of 18 months to those that had their information compromised.

rsa:

Posted: 2013-12-20 @ 5:29pm PT
I hate to say it but that is part of the risk we all take by using credit cards for everything. It would have been nice if they would have let us know right away when they found out though.

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN NETWORK SECURITY
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Known for its hot fries and soft-serve ice cream, Dairy Queen just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
Intel Intros Lightning-Fast PC Processors
Call it extreme. Intel just took the covers off its first-ever eight-core desktop processor, which is aimed at hardcore power users who expect more than the status quo from their computers.
 
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Mobile Technology Spotlight
Samsung Maps Its Way with Nokia's 'Here' App for Galaxy Phones
Korean electronics giant Samsung has opted to license Here, Nokia’s mapping app -- formerly known as Nokia Maps -- for its Tizen-powered smart devices and Samsung Gear S wearable.
 
Will iPhone Finally Catch Up with NFC Mobile Payment Ability?
Apple's latest version of the iPhone may have a mobile wallet to pay for purchases with a tap of the phone. The iPhone 6 reportedly is equipped with near-field communication (NFC) technology.
 
Visual Search To Shop: Gimmick or Game Changing?
Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.