News

Target offers credit monitoring, discounts in wake of massive data theft

Target offers credit monitoring, discounts in wake of massive data theft

ATTENTION TARGET SHOPPERS: The retail giant is trying to reassure customers after a major security breach. Photo: Associated Press

(Reuters) – In the wake of a massive data breach, Target Corp suffered reduced customer traffic over one of the busiest shopping weekends of the year, the Wall Street Journal reported.

The number of transactions at Target fell 3 to 4 percent compared with last year’s final weekend before Christmas, while, transactions at other retailers were strong, the Journal said, citing estimates by retail consultancy Customer Growth Partners LLC.

Target said on Thursday that hackers had stolen data from as many as 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season.

At least 2 million shoppers who used bank debit cards at Target stores during its recent data breach are facing lower limits on how much cash they can take out of teller machines and spend at stores.

“This is the worst possible time something like this could happen,” Craig Johnson, president of Customer Growth Partners told the Journal. (http://link.reuters.com/zyg65v)

The consultancy firm estimates that U.S. retail sales on Saturday totaled $17 billion, exceeding those on Black Friday by $2 billion, according to the paper.

A Target spokeswoman declined to comment to the Journal specifically on this weekend’s results, saying the retailer reports sales on a quarterly basis.

Target could not immediately be reached for comment by Reuters outside of regular U.S. business hours.

(Reporting by Sakthi Prasad in Bangalore; Editing by Supriya Kurane)

Recent Headlines

in Local

Trumansburg robot team raises $20k, heads to St. Louis

Fresh
IMG_0816-620x400

Robotics team needed fundraising help to fund trip to national competition

in Local

Police: Western New York woman killed husband, put body under manure pile

Crime 3

Charlene Mess is accused of murdering husband of 30 years

in Sports

NBA: Watch the top 10 plays of the season

24-overlay5

Some of the year's biggest dunks and best shots.

in Sports

Preview: NHL games of the night

19-overlay4

WATCH: A look at the slate of Stanley Cup playoff games being played tonight, April 21.

in Music, Sports

Is R&B star Ciara dating Super Bowl champ Russell Wilson?

ciara

Rumor has it the "Goodies" hitmaker is dating the Seahawks QB.