target data breach 2018


  • A Breach Hits Close to Home

    While 40 million payment card credentials and 70 million customer records lost seems “charmingly” small compared to more recent breaches, it was one of the first security events that hit a wide swath of people. Target was in the top five in the National Retail Federation (NRF) Top 100 Retailerslist at the time (it’s down to #8 currently), and the b...

  • Chip Card Adoption

    Another point raised by Aryeh was that “probably the biggest change is that thisis what got payment processors moving towards chip & PIN in the United States.” Stephen Cobbconcurred and added that “one reason the Target breach had such an impact was timing – it happened right before Congress went home for the holidays and constituents were really a...

  • Supply Chain Risk

    The method that the attackers usedto get access to Target’s Point of Sale (PoS) machines was by stealing the credentials of an HVAC supplier who had been accessing Target’s network through an external vendor portal. While this is a detail of the breach that has been discussed extensively within the security practitioner community in the last few ye...

  • Normalizing Breaches

    Because Target is such a popular retailer, and its breach was announced shortly before attacks on other popular retailers, the overwhelming sense was that breaches are not something that happens only to smaller shops. Attacks happen to bigger companies who should have significant defenses, as well as to smaller businesses that may not have specific...

What was the real cost of the Target breach?

estimated to have totaled well over $150 million plus legal fees from Target’s data breach. More than $200 million has been lost by the company. Neither industry is safe from data breaches, but it is costly. How Much Does The Average Breach Cost?

What's the real cost of a data breach?

They may or may not have a CISO or director of cybersecurity, yet a data breach can have as significant an impact on operations, reputation, and financial health as the big guys...maybe greater. The average cost of a data breach is between $3.86-$3.92M, depending on the source of your research.

How much does a data breach really cost you?

These data breach costs can range from fines to reputational damage to legal costs. The average data breach cost in 2021 in the U.S. was $217,000 per incident, with a median cost of $179,000. According to Vox, “ One in five small businesses fall victim to a cyberattack, and of those, 60 percent go out of business in six months .”

How much does a data breach cost your organization?

The Cost of a Data Breach Report 2020 (published by IBM) has found a 1.5% decrease in the average cost from $3.92 million in 2019 to $3.86 million in 2020. However, for organizations that have mandated remote work, the average cost of a data breach is $137,000 more, making the global annual cost almost $4 million.

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