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The New York Times reports that Target is conceding that "its computer security system had alerted it to suspicious activity after hackers infiltrated its network last year, but the company ultimately decided to ignore it, allowing what would become one of the largest data breaches ever recorded to proceed without a hitch."

“With the benefit of hindsight, we are investigating whether, if different judgments had been made, the outcome may have been different,” Molly Snyder, a Target spokeswoman said.
KC's View:

Target has said that its sales and profits dropped because of the hacking incidents, assumedly because people were concerned about doing business at a place where their financial security was at issue.

Imagine the impact of learning that the retailer knew there was a problem but ignored it.

Certainly doesn't give me a warm and fuzzy feeling.