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Target: Breach Hurt Profits

Target: Breach that affected 40 million credit and debit cards, along with personal information on up to 70 million customers. Company had net earnings of $520 million for the fourth quarter that ended Feb. 1, down 46 percent from the same quarter a year earlier. For the full fiscal year, Target’s net earnings were $1.97 billion, down 34.3 percent from 2012. The company incurred $17 million in additional net expenses in fourth quarter, the company said in its report.”]

Source: https://www.cuinfosecurity.com/target-breach-hurt-profits-a-6575

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