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

The City of Yankton’s Sales Taxes Have Turned Around

Money Coins

After some errors by the state revenue department, the sales taxes for Yankton are looking much better.

in Local

Wanted: Marina Operator

Boater

The current lease for the operation of the marina at the Lewis and Clark State Recreation Area is set to expire at the end of this year, and the South Dakota Department of Game, Fish and Parks is looking for someone interested in taking over.

in Local

Transportation Bill Is Short Term Fix

Road Construction

Before adjourning earlier this month, Congress passed another short term transportation bill. That bill continues the bulk of funding for highway construction projects across the country, but only until next spring.

in Local

District 40 Candidates Debate

WP-Microphone

The two candidates for the District 40 Senate seat in the Nebraska Unicameral debated this week in Hartington.

in Local

Raise For Social Security Recipients

Money Coins

Folks on Social Security will see a one point seven percent increase in their benefits starting on January first.