Any merchant that takes in consumer credit card information needs to ensure they are able to securely store and manage it. This seems like a no brainer, but with the way that POS equipment is evolving, it has become harder than ever to ensure this data is safe at all times. This goes for companies of all sizes.
Target released a statement this week confirming that the company’s point of sale system had been breached and information from an estimated 40 million credit and debit cards that were processed between November 27 and December 15 could be affected. The criminals behind the attack gained access to customer names, card numbers, expiration date and CVV codes.
“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,” said Gregg Steinhafel, Target’s chairman, president and chief executive officer in the statement. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”
The company did not release the exact nature of the attack but did say it is working with a third-party forensics service to not only investigate the attack, but also strengthen its overall systems to make sure it never happens again.
This goes to show that retailers of all sizes are vulnerable if they do not have a secure POS software solution in place. With holiday shopping in full swing, there has never been a better time to make sure security protocols are up-to-date.