Target on Friday confirmed that hackers managed to steal encrypted data including encrypted PINs, as reported by Reuters earlier this week, but added that the PIN numbers are still safe and hackers shouldn’t be able to use the information to compromise debit cards. According to the retailer, the PIN information is encrypted at the keypad and it remains encrypted within the system until it is decrypted only by the external payment processing company. The PINs were encrypted with Triple DES, “a highly secure encryption standard used broadly throughout the U.S.” More →
The hackers who managed to steal data for up to 40 million credit cards used in Target stores on Black Friday and in following weeks have reportedly accessed the associated encrypted personal identification numbers (PINs) as well, which could be cracked and used to make fraudulent withdrawals. Reuters revealed the news in a recent report, which cited “a senior payments executive familiar with the situation.” However, Target says that unencrypted PINs were not accessed during the “sophisticated” digital heist and that there was no evidence that PINs were compromised, even if encrypted data that may have or may have not contained encrypted PINs was stolen. More →
Target confirmed earlier this week that approximately 40 million credit card and debit card numbers belonging to patrons who shopped in the company’s stores on or around Black Friday were stolen in a massive security breach that took place between November 27th and December 15th. Now, the reporter who broke the story is back with some more bad news for Target customers: Those stolen credit card numbers and associated data are now available for sale on several black market websites. More →
UPDATE: Target on Thursday confirmed that 40 million credit and debit cards were breached between November 27 and December 15, ZDNet reports, with hackers stealing personal data including customer name, credit/debit card number, expiration date and the three-digit security code.
Millions of Black Friday Target shoppers may be at risk, multiple reports reveal, as hackers may have targeted the giant retail chain’ stores during one of the busiest shopping days of the year, potentially walking away with important credit card and debit card data. Krebs on Security says that the data breach extends to “nearly all Target locations nationwide,” and occurred from Thanksgiving 2013 to December 6, although it could have been extended up to December 15. More →
According to National Retail Federation, shoppers spent about $1.7 billion less during the Thanksgiving weekend than they did in 2012. The sluggish weekend was anticipated, because Amazon and Walmart had started relatively aggressive promotions well before Black Friday. Nevertheless, the NRF numbers leave the fate of this winter shopping season very much up in the air. According to group, the number of people shopping either online or in the real world ticked up 1% over the last year’s period. But weekend spending dropped by a rather sharp 16 bucks to $407.55 per consumer. More →
Last week rumors began to circulate that Apple was planning to open itsy bitsy retail stores in as many as 25 Target locations. During a presentation on Thursday, Target confirmed that it will have 25 stores featuring “special displays” of Apple products. Neither company has provided details on the partnership, however it will likely be similar to Apple’s deal with Best Buy, which sells the company’s products from dedicated mini stores within more than 600 Best Buy locations. More →
Apple may be planning to open retail stores inside as many as 25 Target locations, according to recent rumors. The partnership would likely be similar to Apple’s deal with Best Buy, which sells the Cupertino-based company’s products from dedicated mini-stores within more than 600 Best Buy locations. AppleInsider said Friday that Apple is likely interested in Target so that it can offer its products in markets that are too small for a full blown Apple Store. Apple’s senior vice president of retail operations, Ron Johnson, once served as an executive at Target, so there is a new link between the two companies that could add some weight to this rumor. More →
Amazon’s Kindle Fire tablet has been a big seller for the online retailer so far, maintaining the top spot on the Amazon.com best-sellers list for eight weeks running. Despite the slate’s already low price tag, at least two retailers are offering deep discounts on the new tablet at a number of physical locations. Both Walmart and Target have been selling the Kindle Fire for just $123 over the holiday weekend, and some stores may have extended the sale pricing into Monday. Several forum users on Slickdeals also say they have been able to get their local Best Buy and Staples retailer stores to match the sale pricing. The Kindle Fire sale has not been advertised, however, so some retailers will not match the special offer.
UPDATE: Several readers have contacted us claiming the $123 pricing is fake. BGR has not yet been able to confirm these claims. More →
Brick and mortar shopaholics have so few places to turn for an adrenaline rush these days thanks to the advent of online shopping, but Black Friday always promises to be a battle that tests even the most seasoned shopper’s will. Anxious consumers line up early outside their retailers of choice and prepare to push, shove, crawl and even trample their way to some of the deepest discounts of the year. It’s no holds barred and things are bound to get dirty, but those who plan to work off their Thanksgiving feasts by throwing elbows and sprinting from store to store had better get their game faces on and go in prepared. Following the break, we lay out all the top tech retailers in the country and link you to the tools you need to map out your plan of attack. Good luck, be safe, and Godspeed.
Apple will release its fiscal third quarter earnings on Tuesday afternoon and analysts have boosted the stock price target in anticipation of a solid quarterly report. The iPhone maker’s shares hit a record high of $373.80 at the close of the day on Monday. BGC analyst Collin Gillis has boosted the price target of Apple’s stock from $390 to $430. “We are more positive on the outlook for share acceleration in the second half as it is reasonable to expect multiple hardware refreshes combined with the back-to-school and holiday shopping quarter,” Gillis told Reuters. A group of analysts recently predicted that Apple will report that it sold between 15 and 20 million iPhones during the quarter, with the average estimate falling at 16.9 million iPhones sold. Apple is expected to “report earnings of $5.84 per share on revenue of $24.9 billion,” Reuters said, citing Thomson Reuters I/B/E/S. More →
Are you Android users jealous of all of your friends using their iPhones to buy frappuccinos? Take a sigh of relief — on Wednesday Starbucks launched its Android application that will allow you to walk into one of 6,800 Starbucks or 1,000 Target locations and buy your choice of coffee without having to reach for your wallet. When you’ve made your selection, all you have to do is hold your phone up so that the barista can scan a special barcode presented on your phone’s screen. The best part? You can refill your Starbucks card directly from the app itself. It’s available for free in the Android Market now for devices running Android 2.1 or newer. More →
Bernstein Research analyst Pierre Ferragu didn’t say that Nokia should go back to making boots in his note to investors on Wednesday, but he came pretty close. Citing Nokia’s inability to adapt in a fast-changing market, Ferragu cut his rating on Nokia stock to under-perform and dropped his price target from $7.33 to $4. “In a fast changing market, Nokia is losing ground very rapidly,” the analyst writes. “The profit warning for the second quarter provided evidence that the next couple of years will prove very challenging, with the gross margin and market share trends of the last 4 quarters continuing, if not accelerating even more. The collaboration with Microsoft now appears to us unlikely to be successful, as Nokia’s brand is losing ground too fast and the window of opportunity for an alternative ecosystem is vanishing rapidly. Even modeling a scenario in which Nokia stabilizes next year leads us to believe that the stock will under-perform over the next twelve months.” Ferragu believes Nokia’s smartphone market share will be cut in half in the second quarter of 2011 compared to the same quarter a year earlier, dropping from 38% to just 19%, and he expects Nokia’s overall cell phone market share to slide from 35% to 30%.
The ASUS Eee Pad Transformer, an Android 3.0 (Honeycomb) tablet with a 10.1-inch screen and an optional QWERTY dock, made its U.S. retail debut today, and it’s flying off of store shelves. Amazon and Target appear to have already sold out of initial stock of the unit, and Best Buy’s website currently says that the $400 tablet is backordered, too. ASUS announced the Eee Pad Transformer late last month, and it’s equipped with a dual-core NVIDIA Tegra 2 processor, 1GB of RAM, a 1.2-megapixel camera for video chat, a rear-facing 5-megapixel camera, and it’s rated for up to 9.5 hours of battery life. There’s no word on when U.S. stock will be replenished, although Best Buy’s “ship to store” option says the unit usually ships to the store within 3 to 5 days. More →