Target disclosed in December that a cyber attack had resulted in the theft of at least 40 million payment card numbers and 70 million other pieces of customer data weeks before Christmas. ISS blamed Target's audit and corporate responsibility committees, which oversee risks such as fraud, for being "inadequately prepared" for risks of doing business in electronic commerce. "It appears that failure of the committees to ensure appropriate management of these risks set the stage for the data breach, which has resulted in significant losses to the company and its shareholders," ISS said in its report.
via Business News - Yahoo Finance http://ift.tt/1oLG7bM
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