Last week, Target reported that hackers could've gotten a hold of confidential data for at least 110 million customers, including names, home and e-mail addresses. On top of that, at least 40 million people had their credit and debit card data stolen.
In addition to Target, word came last week that Neiman Marcus also had a data breach, where customers payment information was stolen. There's the possibility that these are just part of a larger attack on major retailers.
Ironically, one of the people affected by the Target breach was LA Times consumer columnist David Lazarus, who had just completed a piece advocating for more consumer protection. He joins the show to talk about his experience.
But is there really anything these companies can do to stop sophisticated attacks like these? William J. Kresse, Director at the Center for the Study of Fraud and Corruption at St. Xavier University, joins the show to discuss.