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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 19, 2013 | By Tiffany Hsu, Walter Hamilton and Chris O'Brien
As millions of bargain-crazed customers swarmed through Target stores on Black Friday, one of the most audacious heists in retail history was quietly underway. A band of cyberthieves pilfered credit and debit card information from the giant retailer's customers with pinpoint efficiency as shoppers bought discounted sweaters and electronic gear on the unofficial launch of the holiday shopping season. By the time the scheme was discovered, the unidentified hackers had made off with financial data of 40 million Target customers over a 21/2-week period.
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
January 10, 2014 | By Ricardo Lopez
Target customers whose information -- name, addresses, phone numbers and email addresses -- was stolen need not have shopped at the retailer's stores during the busy holiday shopping season, a spokeswoman confirmed Friday. The information, said Target spokeswoman Molly Snyder, was collected during the "course of normal business," and could include online shopping.  Friday's latest disclosure by the Minneapolis-based retailer that hackers made away with the data of 70 million additional Target customers shows that the data breach late last year was far larger and broader than previously thought.  Target initially said Dec. 19 that debit and credit card information for 40 million customers was pilfered during the busy holiday shopping season between Nov. 27 and Dec. 15. About a week later, the retailer also reported that the hackers had accessed "strongly encrypted" personal identification numbers when they tapped into the retailer's systems.  The retailer said the theft of the information from up to 110 million customers was not a new breach but was uncovered as part of the ongoing investigation into the theft of millions of customers' credit and debit card information.
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