Connect with us

Business

Target’s Hacking Woes Get Worse as Retailer Admits PIN Data Also Stolen

Avatar

Published

 on

Target Canada Closing 19 Stores Next Week: See Entire List

[caption id="attachment_76097" align="aligncenter" width="640"]Target's Hacking Woes Get Worse as Retailer Admits PIN Data Also Stolen Target's Hacking Woes Get Worse as Retailer Admits PIN Data Also Stolen
[/caption]Retail giant Target's headache over the massive theft of as many as 40 million credit and debit cards continue to grow. The retailer is now admitting that thieves not only lifted the Target RedCard numbers, but also the PIN numbers essential for making transactions. In prior statements, the merchant affirmed that PIN data was not part of the data stolen by hackers. Now, the company has reversed itself and said that the PIN information was stolen but is "safe" due to the fact that it is natively stored using heavy encryption.

Those words may not come across as reassuring from the company who thieves were able to hack for the second largest identity theft in US history. Now, Target is saying that the PIN data is useless without the decryption key and they are affirming the decryption keys were not stolen. The company stated that they use a type of encryption algorithm called "Triple DES" which is supposedly difficult or impossible to crack. Hopefully, it will be more difficult to crack the encryption process than it was for thieves to steal 40 million RedCard account numbers. Should the thieves crack the PIN codes, they will be able to use the RedCard debit cards at ATM machines for cash withdraws.

On The Web:
Target Admits PIN Data Also Stolen
http://money.cnn.com/2013/12/27/technology/target-pin/index.html

Sidney has been with eCanadanow since 2010.

As well as covering sports, entertainment and tech news, Sidney also handles the majority of the server related issues as well.

If you have a question or comment for Sidney, you can reach him at [sidney at ecanadano.com]

Business

What Does the Future of Business Travel Look Like?

Stephanie Holmes

Published

 on

Continue Reading

Advertiser Disclosure: ECanadaNow is committed to rigorous editorial standards to provide our readers with accurate information. We may receive compensation when you click on links to products we reviewed.