The ongoing cost associated with securing sensitive customer data

Consider the following scenario: In 2013, Target was the victim of a cyberattack from Black Friday, November 27, through around December 13. The impact of these attacks is not over for Target or any other company using technology to accept payment. The article by Michael Kassner, titled “Anatomy of the Target Data Breach: Missed Opportunities and Lessons Learned,” found in the Topic resources, provides an overview of the attack and the general lessons learned. Additionally, the Target 10-K might be useful in the following analysis.

Define social engineering and describe the type of attack Target faced in 2013.

The cost paid out in class action taken by consumers.

The internal cost associated with “sealing the leak” inside Target.

The ongoing cost associated with securing sensitive customer data.

You are required to use a minimum of two resources, not including the 10-K or the textbook. Your sources must come from peer-reviewed or scholarly sources. Wikipedia, Investopedia, and similar nonverified sources are not acceptable.

You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.