Breaking Down the Impact of the Target Breach

The payments, banking and retail industries are still experiencing the fallout of the major data breach that hit Target last year. We take a look at the numbers behind the breach’s repercussions for banks, hackers and consumers.

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17.2 Million - U.S. banks and credit unions have reissued 17.2 million debit and credit cards as a result of the breach, at an estimated cost of $172 million, according to the Consumer Bankers’ Association.

$30 Million - Credit Unions have so far shouldered $30 million in costs as a result of the breach, according to the National Association of Federal Credit Unions. The association has estimated the the average cost among its member credit unions at $45,000.

4.8-7.2 Million - One recent analysis indicated that anywhere from 4.8 million to 7.2 million out of the 40 million cards stolen in the breach could experience fraudulent activity.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

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