Target has verified that the security breach that compromised customer information may be worse than first anticipated. Personal information like phone numbers and email and mailing addresses were stolen from 70 million customers between Nov. 27 and Dec. 15. This is quite a jump from the numbers of accounts originally thought to have been compromised.
Target has seen a significant drop in sales since the incident occurred. Even stock trading has slipped for the company.
Target released a statement telling customers that there is an ongoing investigation into the matter and that more personal information than originally thought may have been compromised. Previously it was thought to only have been names, card numbers, magnetic strip information, pin numbers and expiration dates were all that had been stolen. New information shows that addresses, emails and phone numbers were also stolen.
Target Chairman, President and CEO Gregg Steinhafel said, "I know that it is frustrating for our guests to learn that this information was taken and we are truly sorry they are having to endure this." The company also assured customers that they would not be liable for fraudulent charges occurring from the breach.
The company went on to say that they will make a conscious effort to contact customers to offer safety tips in order to better secure their accounts and information.
Take note that no personal information will be requested in any email communications from Target. A year of free credit has been offered for identity theft protection to customers that shopped with their stores. There is a three month enrollment period in place for those who are interested.