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Huge Credit Card Heist Puts Target in Legal Crosshairs

Target revealed that data linked to some 40 million credit and debit cards may have been stolen in the crush of holiday shopping that began the day after Thanksgiving.

The breach may have continued until Dec. 15, although the Minneapolis-based retailer rushed to assure customers they could swipe safely now. “Target’s first priority is preserving the trust of our guests and we have moved to swiftly address this issue, so guests can shop with confidence,” CEO Gregg Steinhafel said in a statement today. The U.S. Secret Service said it is investigating the matter.