Target Reveals 70 Million Customers Information Was Stolen In December’s Data Breach

Target Reveals 70 Million Customers Information Was Stolen In December's Data Breach(Ping! Zine Web Tech Magazine) – Popular retailer, Target, has announced via press release that the data breach in December has affected more customers than it originally projected.

Following the hack, the company disclosed that 40 million credit and debit card numbers had been stolen.

On Friday, Target revealed that those numbers have risen to approximately 70 million individuals.

“I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are having to endure this,” said Gregg Steinhafel, chairman, president and chief executive officer, Target. “I also want our guests to know that understanding and sharing the facts related to this incident is important to me and the entire Target team.”

According to the press release, customers affected by this breach will have zero liability for the fraudulent charges.

Additionally, Target is offering one year free of credit monitoring and identity theft protection.

The Minneapolis retailer has lowered its expected fourth quarter financial results by a 4% decline in sales and a significant drop in shares.