In 2013, Target faced a massive cyber attack that exposed 41 million payment cards and compromised contact information for approximately 70 million customers. This incident occurred when threat actors launched a spear phishing attack on a third-party vendor to steal user credentials. Having gained access to Target's network, the attackers then installed malware to capture customer payment information over a two-month period. The ramifications of this breach were severe; Target's CEO departed the organization, and the company had to settle fines totaling $18.5 million to resolve claims across the country. The total cost to Target, including expenses for remediation, consulting fees, and other payments, approached approximately $290 million. This cyber attack highlights the critical need for robust cybersecurity measures and the importance of vigilantly managing third-party risks.
Source: https://arcticwolf.com/resources/blog/10-major-retail-industry-cyber-attacks/
"id": "tar246050524",
"linkid": "target",
"type": "Breach",
"date": "05/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"