Why you should care about the Target data breach |
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| Institution: | 1. Candidate for B.A. in Economic Consulting, Kelley School of Business, Indiana University (expected 2017);2. Candidate for B.A. in Accounting and Finance, Kelley School of Business, Indiana University (expected 2017);3. Candidate for B.A. in History and Finance, Kelley School of Business, Indiana University (expected 2017);1. School of Business, La Salle University, Philadelphia, PA 19141-1199, U.S.A.;2. Harbert College of Business, Auburn University, Auburn, AL 36849-5241, U.S.A.;1. School of Management, University of Michigan-Flint, 2118 Riverfront Center, 303 East Kearsley Street, Flint, MI 48502-1950, USA;2. School of Management, University of Michigan-Flint, 2145 Riverfront Center, 303 East Kearsley Street, Flint, MI 48502-1950, USA;1. Marketing, University of Rhode Island, College of Business, Kingston, RI, United States;2. Marketing, Suffolk University, Sawyer Business School, 73 Tremont Street, Boston, MA 02108, United States;3. Marketing, Wright State University, Raj Soin College of Business, 3640 Colonel Glenn Hwy, Dayton, OH 45435, United States |
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| Abstract: | Data breaches are becoming more frequent and more damaging to the bottom line of many businesses. The Target data breach marked the beginning of increased scrutiny of cybersecurity practices. In the past, data breaches were seen as a cost of doing business, but Target's negligence and the scale of the data loss forced businesses and the courts to reevaluate current practices and regulatory frameworks. Businesses must make strategic use of their chief information officers, adopt cybersecurity best practices, and effectively train their employees to respond to growing security threats. They must also shape the cybersecurity narrative to influence regulatory responses to these threats. |
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| Keywords: | Cyberattack Cybersecurity Target Best practices Internet Malware Data Data breach Security Lawsuit Privacy |
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