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Target's Data Breach Could Spur New Privacy Rules

Joe Mont | January 14, 2014

The timing couldn't have been worse for retail giant Target's massive data breach.

Not only did the security failure compromise data, including credit card information, for as many as 110 million customers at the peak of holiday shopping season, it threatens to make the company a poster child for regulators and legislators who were already considering new rules to crack down on lax corporate cyber-security.

Details are still emerging on what happened at Target, but there are growing suspicions, based on tracking of the stolen card numbers, that the data breach originated from hackers in one or more of the former Eastern Bloc countries. It is not yet known whether the Target breach is related to similar attacks that struck high-end retailer Neiman Marcus and other, as-yet-unnamed, retailers during the same period.

Stu Sjouwerman...

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