Essay on Overview of Target Services and the Data Breach

Essay on Overview of Target Services and the Data Breach

Length: 2623 words (7.5 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Retail Background
All businesses that sell goods and services to consumers fall under the umbrella of retailing, but there are numerous distinctions we can take from here. To begin with, there are department stores, discount stores, specialty stores and even seasonal retailers. In some parts of the world, the retail business is dominated by smaller family-run or regionally-targeted stores, but this market is increasingly being taken over by billion-dollar multinational conglomerates like Wal-Mart and Target. The larger retailers have managed to set up huge supply/distribution chains, inventory management systems, financing pacts and wide scale marketing plans. Each retailer tries to differentiate itself from the competition, but the strategy that the company uses to sell its products is the most important factor.
Department stores are very large stores offering a huge assortment of goods and services. Discounter’s stores also tend to offer a wide array of products and services, but they compete mainly on price. Demographic are retailers that aim at one particular segment like high-end retailers focusing on wealthy individuals. During tough economic times, the discount retailers tend to outperform the others. The opposite is true when the economy is thriving. The more successful retailers attempt to combine the characteristics of more than one type of retailer to differentiate themselves from the competition. The profitability of individual companies depends on high volume sales, low-cost purchasing, and efficient distribution. Large chains dominate the market due to advantages in purchasing, distribution, and finance. The US industry is highly concentrated: the top four companies account for more than 90 percent of revenue. R...

... middle of paper ...

Advertising Age, July 5, 1993, p. S18.Grant, Linda, and Warren Cohen
"Shopping's Big Chill," U.S. News & World Report, July 12, 1993
"Target confirms encrypted PIN data stolen." USA Today. Retrieved on December 27, 2013
"Fact Sheet: Quick Facts About Target | Target Corporate". Retrieved 2014-01-19.
Esbensen, Daniel. "Method and apparatus for automated network-wide surveillance and security breach intervention." U.S. Patent No. 5,796,942. 18 Aug. 1998.
Vijayan, Jaikumar. "Target breach happened because of a basic network segmentation error." Computerworld Inc., 06 Feburary 2014. Web. 24 Mar 2014. .

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Target: The Largest Data Breach/Attack

- In December 2013, Target was attacked by a cyber-attack due to a data breach. Target is a widely known retailer that has millions of consumers flocking every day to the retailer to partake in the stores wonders. The Target Data Breach is now known as the largest data breach/attack surpassing the TJX data breach in 2007. “The second-biggest attack struck TJX Companies, the parent company of TJMaxx and Marshall’s, which said in 2007 that about 45 million credit cards and debit cards had been compromised.” (Timberg, Yang, & Tsukayama, 2013) The data breach occurred to Target was a strong swift kick to the guts to not only the retailer/corporation, but to employees and consumers....   [tags: cyber attack, data breach, hackers]

Powerful Essays
1217 words (3.5 pages)

Data Breach and Its Financial Implication Essay

- What is data breach. Data breach can be considered as an incident which involves the unlawful and unauthorized viewing, access or retrieval of sensitive, confidential or protected data. It is a kind of security breach intended to steal and store sensitive data to an unsecured or unauthorized locations. Data breaches may involve personal information such as transactional information, personal health and insurance information, social security information, organization’s operational secrets and IPs....   [tags: data breach, hackers, cyber attacks]

Powerful Essays
753 words (2.2 pages)

Essay about Risks Associated with e-Commerce

- Introduction E-commerce i.e. the exchange of goods and services on the internet has a number of retail brands that have an online presence. Business to business transactions are also a part of e-Commerce. The recent trend of multichannel retail allows a number of additional transactions like purchasing online and pick up in store along with the traditional features of buying online and delivering services. The paper gives an overview of privacy and security of e-commerce. It discusses various risks associated with all e-commerce web server and states the solution to obtain a secure system....   [tags: exchanging goods and services]

Powerful Essays
771 words (2.2 pages)

Customer Data and Security Breach Ligitation Essay

- In re, Inc., Customer Data Security Breach Litigation, No. 3:2012cv00325, was a case held in United States District Court for the District of Nevada in which the Court supposed that the customers of were not held to the browse wrap terms of use due to their ambiguous nature and also held that the agreement was not enforceable since Zappos had earmarked the right to make changes in it at any time without notifying the customers. The above court decision set preference for businesses that use browse wrap agreements and/or comprise a phrase in their agreements that let them to change the agreements at any phase....   [tags: zappos, data security, web]

Powerful Essays
1152 words (3.3 pages)

Breach Of Contract Damages For Businesses Essays

- Breach of contracts can have serious damages for businesses. An expected service or agreement that is no longer met or kept impacts everyone involved. A breach of contract can reduce earnings while also potentially harming future profits. It also puts a company’s value at risk if they cannot meet demands for products or meet deadlines. There are often damages that result from contract claims and breaches. Claims are made by both parties involved to argue over projected lost revenues, sales impacts, lost value, and added costs resulting from the breach....   [tags: Breach of contract, Contract, Mathematics]

Powerful Essays
728 words (2.1 pages)

Project Plan Overview: Los Angeles County Dept of Social Services Essay

- Los Angeles County Department of Public Social Services has been struggling to accomplish a well organized computer system that was supposed to minimize the work of the employees, minimize the consumption of paper, decrease the number of errors and make the service for the customer faster. The bid for a newer, innovative and technological system began at $1 million dollars in 1995 ( . Many contractors sought the opportunity to make the County's dream come true. In this paper, I will attempt to describe a proposed project that will enable the County to fulfill the need for a faster service, more accurate, cutting unnecessary paper work for the employees and the lowest p...   [tags: Project Overview Los Angeles Social Services]

Powerful Essays
1597 words (4.6 pages)

Case Study : The Home Depot Data Breach Essay

- Case Study: The Home Depot Data Breach Dinesh Somala A00146897 Summary This case study is about the data breach that had taken place in the home depot in 2014 Where in 56 million payment cards were stolen and the issues related to the occurrence. Nowadays, hacking systems which get the data from payment card in retail stores is a popular issue. The use of stolen third-party vendor credentials and RAM scraping malwares were the main reasons for the data breach....   [tags: Credit card, Payment, Debit card, Payment systems]

Powerful Essays
1138 words (3.3 pages)

Information Security: The Data Breach at Target Corporation Essay

- Nowadays, information security is one vital part of a company to develop and maintain its information system. As technology became more advanced in terms of creating and utilizing, the more threats a company’s information system will face. A threat is a person or organization that seeks to obtain or change data illegally, without the owner’s permission and knowledge. Similarly, a vulnerability is an opportunity for threats to gain access to individual or organizational assets (Kroenke 309). Apparently, a threat will lead to a company’s vulnerability gradually, Target Corporation is one specific example in this case....   [tags: malware infection, cyber risk]

Powerful Essays
706 words (2 pages)

RSA Data Breach Essay

- RSA is the encryption and network security division of EMC, assisting top organizations to solve complex IT security challenges. RSA’s products and mission consist of a combinations of business-critical controls, encryption, and tokenization to secure access to organizations IS infrastructure. The Security Division offers a wide range of two-factor authentication solutions to help organizations assure user identities and meet regulatory compliance requirements. The authentication keys come in a variety of forms such as hardware and software authenticators that can be applied to a range of computer devices....   [tags: Information Technology ]

Powerful Essays
873 words (2.5 pages)

Overvie of CORE Methodology Essays

- Overview of CORE Methodology Controlled Requirement Expression (CORE) was developed for the British Aerospace programs while the UK Ministry of Defence was carrying out a requirement analysis (Hull et al., 2010). The fundamental component of the CORE methodology is viewpoints as different users see systems in different ways. There are many different stakeholders involved in a system; using CORE methodology involves finding all the different viewpoints of those stakeholders that have an interest in the system whether it’s a person, role or organisation ext.… (Sommerville and Sawyer, 2000)....   [tags: viewpoints, hierarchy, architecture, system]

Powerful Essays
1574 words (4.5 pages)