We take this crime seriously. It was a crime against Target, our team members, and most importantly, our guests. We’re in this together, and in that spirit, we are extending a 10% discount – the same amount our team members receive – to guests who shop in U.S. stores on Dec. 21 and 22. Again, we recognize this issue has been confusing and disruptive during an already busy holiday season. We want to emphasize that the issue has been addressed and let guests know they can shop with confidence at their local Target stores.”
Gee, you mean we guests are invited to spend more money at the security sieve?
[One of the banks interviewed] has issued a grand total of more than 120,000 debit and credit cards to its customers, but my source told me the tiny bank had not yet heard anything from the card associations about specific cards that might have been compromised as a result of the Target breach. My source was anxious to determine how many of the bank’s cards were most at risk of being used for fraud, and how many should be proactively canceled and re-issued to customers.
Let’s see: 40M cards – 120,000 =39,880,000 more cards to go. That’s still more than 10% of the country affected by the security breach and no one is doing anything about it.
The bank wasn’t exactly chomping at the bit to re-issue the cards; that process costs around $3 to $5 per card, but more importantly it didn’t want to unnecessarily re-issue cards at a time when many of its customers would be racing around to buy last-minute Christmas gifts and traveling for the holidays.
But more importantly, note that your date security is worth about $3-$5 and the banks don’t want to spend it.
Do you really think that anyone is going to do anything about data security on their own? Not likely. I’d say Congress ought to pass a law, but they did: it protects every corporate entity, but not you. You still have to change all your accounts, PIN numbers, bill paying, etc., at your own cost. Have fun with that, Guests.
(Krebs on Security)