The Target Data Breach: Frequently Asked Questions

Summary

This report answers some frequently asked questions about the Target (store) data breach, including what is known to have happened in the breach, and what costs may result. It also examines some of the broader issues common to data breaches, including how the payment system works, how cybersecurity costs are shared and allocated within the payment system, who bears the losses in such breaches more generally, what emerging cybersecurity technologies may help prevent them, and what role the government could play in encouraging their adoption, as well as some of the legislation that the 113th Congress has introduced to deal with these issues.