What are your general thoughts about internet security

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Reference no: EM132697000

Question - Internet security - Target as Case Study

Retailers have seen major increases in cyber attack. Point of sale systems, vendor and supplier connected portals, even on-site system administrators, pose potential risks. All of these potential weak links in the chain came to light when target got hit, beginning on the biggest US shopping day, Black Friday.

The cyber attack on Target hit all of the wrong numbers, (or right, depending on your point of view):

41 million customers' credit card information stolen

$200 million estimated cost to banks and credit unions over replaced cards and disputed charges (which Target settled for $39 million)

An estimated 46% dip in profit during the biggest shopping period of the season

An $18.5 million recent multi-state lawsuit settlement with consumers

All told, Target lost an estimated $300 million

Required - What are your general thoughts about internet security and what do you think Target could have done to prevent internet security onboard?

Reference no: EM132697000

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