Target Offers 10 Percent Discount After Massive Data Breach

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Mani
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Target Corporation (NYSE:TGT) is adopting an unusual step of offering a 10% discount to all customers following massive data breach left 40 million shoppers vulnerable to thieves. The specialty retailer also announced it would offer free credit monitoring to customers who could be at risk from the breach. Target’s 40 million accounts compromised Last week, in what could be the second largest credit and debit card breach, Target Corporation (NYSE:TGT) acknowledged that security of nearly 40 million credit and debit accounts of its customers were compromised. However, the company didn’t disclose how the lapse occurred. It assured it was taking help…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports