Target Says Data Breach Caught Up to 70 Million Customers

Posted by Unknown on Friday, January 10, 2014

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Business Day |Target Says Data Breach Caught Up to 70 Million Customers

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NEW YORK â€” Target says that personal information â€” including phone numbers and email and mailing addresses â€” was stolen from as many as 70 million customers in its pre-Christmas data breach. That was substantially more customers than Target had previously said were affected.

The chain also cut its fourth-quarter adjusted earnings forecast and outlook for a key sales barometer.

Target had announced in December that about 40 million credit and debit cards may have been affected by a data breach that happened between Nov. 27 and Dec. 15 â€” just as the holiday shopping season was getting into gear.

The retailer said Friday that the personal information stolen is not a new breach, but was discovered during its ongoing investigation.

Target Corp.'s stock fell in Friday premarket trading.