Rogue software installed on Target's POS, 40 million credit cards compromised.

cloudninja

cloudninja

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Sep 24, 2013
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:eek7::eek7:How in the actual fuck does this even happen?

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Target Confirms Point-Of-Sale Data Breach, Announces It Exposed 40 Million Credit Card Numbers | TechCrunch
 


cloudninja said:
:eek7::eek7:How in the actual fuck does this even happen?
Click to expand...

The real reason it happens is that the burden of the stolen money doesn't fall on the consumer, or in this case, Target.

The burden falls 100% on merchants where the stolen card numbers are used. The credit card companies don't provide them anything reasonable with which to discern fraudulent transactions. They do, however, fully refund the actual cardholder and leave the merchant holding the bag. In most cases, this is a small business with little ability to effect change.

If you're the thief, the risk is low and the reward is high.

If you're Target, there's very little backlash for your flub, other than a minor PR shitstorm that goes away in a month.

If you're the bank, Visa, MC, etc, this does almost nothing to your bottom line.
 
.............. why am i even working hard at life?


Target thieves got 40 million credit cards LOL................ bet they didn't goto college for that

i'm so confused in this life :(
 
Conspiracy to drive down price of TGT so the conspirators can get cheap shares and make big $ after the holidays when Target announces it made 15 Trillion dollars.
 
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