|By Leon Stafford, The Atlanta Journal-Constitution|
The breach, which took place between April and September, is one of the largest in the nation, topping the 40 million credit and debit card accounts compromised last year at retailer Target.
It also could cost
The home improvement company said the malware used to infect its computers was like none seen in previous attacks, which have hit everything from retailers to banks to restaurant chains such as
To avoid future attacks, the company said it has employed enhanced encryption at terminals that takes "raw payment card information and scrambles it to make it unreadable and virtually useless to hackers."
It also will have completed installation of chip-and-PIN technology, which is said to better protect credit and debit information, by year's end in U.S. locations.
"They yet again have found another way to cover their tracks so to speak," he said. "It reinforces my message that this problem is not going to magically disappear."
To mitigate the damage even before the company knew it had been breached,
The struggles Target has experienced since its breach was announced — the company's share price dropped and its chief executive officer lost his job — may not happen at
At least two class-action lawsuits have been filed against
Despite the breach, the company stuck with its fiscal 2014 guidance of 4.8 percent sales growth. It raised its earnings per share expectations for the fiscal year to about
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|Source:||McClatchy-Tribune Information Services|