The Road to Data Security in The Digital World: The Past Data Theft Cases

Authors

  • Kay K. Kim Faculty of Business Administration, Fitchburg State University, Fitchburg, MA USA

DOI:

https://doi.org/10.53555/nnbma.v2i2.104

Keywords:

Credit card data theft, Hacking, Malware, Cyber-security, Firewall, Chip-and-Pin technology

Abstract

Credit card data theft has been a critical issue in the United States for more than a decade. Many well-known and successful companies, including TJX and Sony, have been the victim of credit card data theft. Most recently, Target and Neiman Marcus, two extremely successful US retailers, have had thousands of customers’ credit card information compromised. This paper details four of the most highly publicized cases of credit card data theft to affect the United States. Additionally, this paper outlines ethical and legal implications to prevent this data theft from continuing to occur in the future.

References

Armerding, T. (2012). The 15 Worst Data Security Breaches of the 21st Century. Retrieved from http://www.csoonline.com/article/700263/the-15-worst-data-securitybreaches-of-the-21st-century

Editorial Board. (2014). Changes in Credit Card Security are Long Overdue. Washington Post. Retrieved from http://www.washingtonpost.com/opinions/changes-in-credit-card-security-are-long-overdue/2014/02/10/bef387d6-9015-11e3-b46a- 5a3d0d2130da_story.html

Greenemeier, L. (2007). TJ Maxx Parent Company Data Theft is the Worst Ever. Information Week. Retrieved from http://www.informationweek.com/tj-maxx-parent-company-datatheftis-the-worst-ever/d/d-id/1053522?

Knafo, S. (2011). Sony Playstation Network Hack is Just the Beginning of Giant DataTheft: Experts. Huffington Post. Retrieved from

http://www.huffingtonpost.com/2011/05/06/playstation-theft-sony-hack_n_858355.html

McAdams, T., Neslund, N., & Zucker, K. (2012). Law, Business, and Society. New York, NY:McGraw-Hill.

Morran, C. (2014). Credentials Used for Target Hack Reportedly Stolen from HVAC Vendor. The Consumerist. Retrieved from http://consumerist.com/2014/02/05/credentialsused-for-target-hack-reportedly-stolen-from-hvac-vendor/

Pagliery, J. (2014). Target to Invest in Chip-Based Cards. CNN Money. Retrieved from http://money.cnn.com/2014/02/04/technology/security/target-senate/

Tsukayama, H. (2014). Neiman Marcus: We Deeply Regret Data Breach. Washington Post. Retrieved from http://www.washingtonpost.com/business/technology/neiman-marcus-we-deeply-regret-data-breach/2014/01/16/7bd54b30-7ee8-11e3-93c1-

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Wallace, G. (2014). Target and Neiman Marcus Hacks: The Latest. CNN Money. Retrieved from http://money.cnn.com/2014/01/13/news/target-neiman-marcus-hack/

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Published

29-02-2016

How to Cite

Kim, K. K. (2016). The Road to Data Security in The Digital World: The Past Data Theft Cases. Journal of Advance Research in Business, Management and Accounting (ISSN: 2456-3544), 2(2), 09-12. https://doi.org/10.53555/nnbma.v2i2.104

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