Regarding its data breach from late last year that resulted in the theft of millions of consumers' credit and debit card information, Target (NYSE:TGT) stated publicly yesterday that its security system had alerted it to suspicious activity after the company was hacked, but the company ultimately decided to ignore the warning.
In this video from Friday's Investor Beat, host Chris Hill and Motley Fool analyst Ron Gross take a look at the slow, but steady, continually emerging public relations nightmare that is slowly dragging Target down, headline by headline. Ron digs in further to the ignored warning, and says that, because a company of this size can get literally hundreds of such warnings of malware attacks per day, this particular chapter of Target's data breach saga probably shouldn't be thought of as completely management's fault.
Chris Hill has no position in any stocks mentioned. Ron Gross has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.