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

60 minutes ago in Local

TCAT moving forward with audit after embezzlement charge

Fresh
tcat

Transit agency sending out requests for proposals for forensic audit, releasing more details of employee Pamela Johnson's termination

today in National

Obama budget plan would boost U.S. tax revenue, cut deficits

obama

The Congressional Budget Office says the 2015 budget could boost tax revenues while slashing deficits by $1.05 trillion.

today in Local

DiNapoli says dubious tax refunds blocked

money

The New York Comptroller's Office reports stopping more than $24 million in questionable personal income tax refunds so far this year, saying it has found 7,482 improper filings, up 18 percent from last year.

today in Local

NY AG reaches settlement with GrubHub

Local_News

Attorney General Eric Schneiderman has reached an agreement with the online food delivery company GrubHub to ensure that the tips it collects from customers will be given to the workers they were intended for.

today in Local

NY political leader Basil Paterson dies

Local_News

Longtime New York political powerhouse Basil Paterson has died.