10:18 am EST
For those of us who prefer cash, we can only keep clinging to our greenback habits as long as we're able. Once that opportunity passes, what then? Only time will tell.
Almost 10 years ago – on December 12, 2013 – I traveled into the city for errands and a bit of Christmas shopping. One of my stops was a Target store (no, I no longer shop there) where I purchased about $12 worth of items.
Five days later, the news broke that Target had been the victim of a massive data breach involving malware that harvested customer names, credit debit card numbers, card expiration dates and CVV (the three-digit security code). Up to 70 million credit and debit cards were breached between November 27 and December 15 of 2013.
The repercussions from this data breach were massive – not just with the $18.5 million multi-state settlement Target eventually paid (at that point, the largest ever for a data breach), but in the scramble among customers to secure their information lest they become subject to identity theft.
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