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Targets settlement with MasterCard costs retailer $19 million

Target reached a $19 million settlement with MasterCard to cover some of the damages to financial institutions that issue MasterCard credit and debit cards. Cybercrooks planted malware on credit card terminals in stores during the Christmas shopping season, stealing unprotected data as customers swiped their cards to pay. Home Depot was victimized by the same type of malware called Backoff that stole credit card information from its point-of-sale terminals, affecting 56 million customers whose accounts were exposed in the breach. Target said it has updated all of its terminals to accept modern credit cards with an embedded chip.”]

Source: https://nakedsecurity.sophos.com/2015/04/17/targets-settlement-with-mastercard-costs-retailer-19-million/

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