Credit Card Data Breach at Target.
What was it and what role GEOACL would have played in such scenario?
Dec 28th 2013
Data breach occured at major retailer Target over the holidays. It stole the credit or debit card numbers, the card’s expiration date and CVV codes of over 40 million customers who shopped at Target over the holidays. This data is already appearing for sale on the black market, and as a result some financial institutions have started to reissue debit cards and put limits on how much customers can withdraw from ATMs and spend at stores. Still the solution is not foolproof and its inconvinience on all 40 million customers.