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Millions of American customers of both Target and high-end retailer Neiman Marcus had their credit card information stolen over the 2013 holiday season. Melissa Block speaks with Mark Rasch, former Department of Justice prosecutor for cyber crimes, about how hackers may have acquired so much sensitive information — and what might be done with it.
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Despite news that hackers stole PIN data from the giant retailer Target during prime buying season, shoppers say they will still use their cards to ring up purchases there. Target says the PINs are encrypted, but security experts say that given time, hackers could still outwit the system.
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About 2 million debit accounts will be affected. The bank took the step after Target revealed the security of millions of cards used at its stores may have been compromised. Apologizing for the breach, Target offered a 10 percent discount this weekend.