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December 19, 2013

Target says 40 million cards likely skimmed in security breach

IDG News Service (Bangalore Bureau) — Target has confirmed that data from about 40 million credit and debit cards was stolen at its stores between Nov. 27 and Dec. 15.

The statement from the retailer Thursday follows reports that thieves had accessed data stored on the magnetic stripe on the back of credit and debit cards during the Black Friday weekend through card swiping machines that could have been tampered with at the retailer's stores, a practice known as card skimming.

The data could have been used to create counterfeit cards that could even be used to withdraw money at an ATM, according to the reports.

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http://www.cio.com/article/744865/Target_says_40_million_cards_likely_skimmed_in_security_breach