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Data Breach

BUSINESS
September 10, 2008 | E. Scott Reckard, Times Staff Writer
Countrywide Financial Corp. is offering two years of free credit monitoring to customers whose sensitive personal information, including Social Security numbers, allegedly was stolen from the home lender's computer files. In one of the largest data theft cases in years, a former Countrywide employee was arrested Aug. 1 and charged with illegally accessing the firm's computers for more than two years. The information was being sold to mortgage brokers to be used as sales leads, federal authorities said in August.
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BUSINESS
January 27, 2006 | Joseph Menn, Times Staff Writer
The Federal Trade Commission on Thursday hit data broker ChoicePoint Inc. with the largest civil penalty in the agency's history for allowing sensitive consumer information to get into the hands of con artists last year. The commission levied a $10-million penalty on top of $5 million in restitution -- a total that amounts to more than 10% of the company's 2005 profit.
BUSINESS
April 6, 2014 | By Marc Lifsher
SACRAMENTO - The recent hacking of customer data from Target Corp. computers is roiling the California Legislature. Last week, two members of the Assembly touted a bill to strengthen consumer safeguards and limit the type of information collected and retained by retailers. The measure, AB 1710, may trigger one of the year's biggest disputes over business-related legislation. "It'll be a big fight, a tough fight," said Bill Dombrowski, president of the California Retailers Assn.
BUSINESS
June 24, 2009 | W.J. Hennigan
Retail giant TJX Cos. agreed Tuesday to pay $9.75 million to 41 states including California to settle an investigation of a massive data breach that jeopardized millions of payment card numbers. TJX, the parent company of the T.J. Maxx and Marshalls discount clothing chains, will pay $7.25 million in settlement and investigation costs. In addition, $2.5 million will go to create a data security fund for those states. California's share is $624,393.
BUSINESS
December 20, 2013 | By Chris O'Brien
More bad news for folks who used their credit cards at Target during the holiday shopping season. Many of the 40 million credit cards that the company says were part of the data breach are already for sale on black markets around the world. That report comes from KrebsonSecurity , the website run by cyber-security reporter Brian Krebs, who initially broke the story about the Target breach. On Friday, Krebs posted another story detailing how he had tracked down phony cards made using information that was stolen as part of the Target data breach: STORY: Target data theft fuels new worries on cybersecurity " Credit and debit card accounts stolen in a recent data breach at retail giant Target have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card, KrebsOnSecurity has learned.
CALIFORNIA | LOCAL
February 13, 2008 | From the Associated Press
A computer drive holding names, addresses, birth dates and Social Security numbers of all 3,500 Modesto city schools employees has been stolen from a local data processing firm, authorities said Tuesday. Sgt. Linda King of the Fullerton Police Department said a hard drive and three monitors were stolen in a burglary at Systematic Automation Inc. No cases of identity theft connected with the data breach have been reported.
BUSINESS
February 26, 2014 | By Tiffany Hsu
The massive theft of Target Corp. customer data contributed to a huge drop in fourth-quarter profit as the retailer scrambled to win back the trust of consumers and shore up its hobbled payments system. The Minneapolis-based chain reported that profit was nearly halved from a year earlier to $520 million and revenue slid 5% to $21.5 billion. Target also racked up $61 million in expenses related to the hack, though it expects all but $17 million of that to be covered by insurance.
BUSINESS
February 26, 2014 | By Tiffany Hsu
The holiday season was never going to be easy for Target Corp. as it tried to lift foot traffic and keep up with competitors' discounts. But it was the vast data breach at the Minneapolis retailer in the heat of Christmas shopping season that really knocked the Minneapolis-based chain off its feet. And, the company said Wednesday, the hack may continue to have financial repercussions for months to come. Target's net income for the fourth quarter ended Feb. 1 slumped 46% to $520 million, or 81 cents a share, from $961 million, or $1.47 a share a year earlier.
BUSINESS
December 20, 2013 | By Tiffany Hsu
A day after Target confirmed a massive data breach, Chief Executive Gregg Steinhafel is trying to get customers back into stores during the busy pre-Christmas weekend by extending an offer for free credit monitoring and a 10% discount. Customers are fuming on social media in the aftermath of the disclosure that hackers broke into Target's systems and gained access to some 40 million customer credit and debit card accounts between Nov. 27 and Dec. 15. Steinhafel said in a statement online Friday that “the issue has been identified and eliminated” but acknowledged that the problem “has been confusing and disruptive during an already busy holiday season.” To reassure patrons, Steinhafel said Target will offer free credit monitoring services and plans to be in touch with customers affected by the breach.
BUSINESS
January 29, 2014 | By Ricardo Lopez
Atty. Gen. Eric H. Holder Jr. confirmed the Justice Department is investigating the theft of financial and personal information of 110 million Target customers. In a Senate Judiciary Committee hearing Wednesday, Holder said that while the Justice Department doesn't generally discuss specific cases, the department is working to track down and prosecute the hackers who stole Target customer data late last year. “We are committed to working to find not only the perpetrators of these sorts of data breaches but also any individuals and groups who exploit that data via credit card fraud,” Holder said Wednesday.
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