There’s no question that cyberattacks wrecked the holiday season for some prominent companies and their customers last year. The question now is: Did they amount to a watershed event that will change the country’s approach to cybersecurity?
The biggest loser was Target Corporation, which was caught up in one of the largest and highest profile cyberattacks ever. From late November to mid-December—the heart of the holiday shopping rush—hackers used point-of-sale attacks to access credit and debit card information of Target shoppers. The retailer eventually admitted that between 70 and 110 million cardholders—as many as one in three Americans—had their data breached.(Along with a mea culpa, Target offered customers free credit monitoring and identity theft protection as well as an in-store 10 percent discount the weekend after the hack was revealed. It will also invest $5 million in a cybersecurity education coalition.)
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