Tuesday, December 9, 2014

If you own Target stock


Then I advise you to sell it most ricky-tick. Like as soon as the broker will take your call.

Seems that a judge has determined that banks can sue Target Corporation for losses incurred in the late 2013 credit card hack that let over 40 million card numbers (Plus personal info from over 70 million customers) be stolen from Target's computers.

Target Corp is negligent for the breach of data. Tens (or more) of MILLIONS of dollars lost to Credit Card thieves.  Tens of millions of cards had to be replaced.

Target as a company will, (unless insurance covers it) be lucky to survive this.


Old NFO said...

Don't own any... thankfully...

Sendarius said...

I think you mean "negligent".

B said...

Yep. Spell check screwed me. Fixed. Thanks!