BREAKING NEWS

Report: Texas police arrest man linked to Target data breach

By REUTERS

MAY 8, 2014 03:16

Texas police have arrested a man named Guo Xing Chen they say is linked to the devastating data breach at No. 3 U.S. retail chain Target Corp last year, USA Today cited a state criminal complaint as saying on Wednesday.

"It is also believed Chen is involved in a large-scale credit breach believed to be in excess of $70 million according to investigators from the Target Corporation," the newspaper cited an arrest affidavit as saying.

The cyber-attack on Target was the second-largest cybersecurity breach at a US retailer. It dented the company's profits, shook consumer confidence, prompted congressional hearings and helped lead to the removal of Chairman and Chief Executive Gregg Steinhafel this week.

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