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Following the data breach that cost the company as much as $440 million in profit, Target has announced it is “accelerating the adoption of advanced chip-enabled technology, investing more than $100 million to equip its stores and to issue Target branded smart chip credit and debit cards,” according to Retail Info Systems News. Further, the company is investing $5 million in a new coalition with the Better Business Bureau, National Cyber Security Alliance and National Cyber Forensics Training Alliance to educate the public about cybersecurity and the dangers of consumer scams.
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