The 2013 Target Corporation data breach is one of the most significant data breach incidents in recent years. Although Target is a multi-million-dollar company, every business owner can benefit from learning about the corporation’s major security event. Below, we cover the major points of the data breach, including why the data breach occurred, how Target responded, and what we can learn from the outcome.
The Target Corporation suffered a large-scale data breach between November 27 and December 18, 2013. During this window, hackers stole around 40 million credit and debit card numbers, along with 70 million personal records containing sensitive information.
Although the exact methodology behind the data breach is unclear, there are a few things we know for sure:
It didn’t take long for the damage at Target to spread. For business owners, the two most important questions are these – how did the breach occur, and how did it spread unchecked?
There are a few very simple reasons why the data breach occurred at Target in the first place. These reasons also explain why the damage spread so quickly through the systems and why it went unchecked for so long.
Although Target had some security, such as firewalls and a VLAN network, they didn’t take all reasonable steps to secure their data.
Every business owner can take lessons from this major data breach.
We can’t always protect our businesses from cyberattacks but we can take a multifaceted approach to protecting data at every possible stage of network activity.
A comprehensive, multilayered cybersecurity plan is the only way to protect your company’s data from increasingly sophisticated hackers. Every business is a possible target. Only by developing a multifaceted security plan can you mitigate the threats and minimize the risks associated with a data breach.
For expertise in developing a multilayered cybersecurity plan and more insight on how data breaches can affect your business, contact Entech today.