SAN FRANCISCO (Reuters) – Texas police have arrested a man named Guo Xing Chen they say is linked to the devastating data breach at No. 3 U.S. retail chain Target Corp last year, USA Today cited a state criminal complaint as saying on Wednesday.
“It is also believed Chen is involved in a large-scale credit breach believed to be in excess of $70 million according to investigators from the Target Corporation,” the newspaper cited an arrest affidavit as saying.
The cyber-attack on Target was the second-largest cybersecurity breach at a U.S. retailer. It dented the company’s profits, shook consumer confidence, prompted congressional hearings and helped lead to the removal of Chairman and Chief Executive Gregg Steinhafel this week.
(Reporting by San Francisco newsroom; Editing by Eric Walsh)
[Image: The sign outside the Target store is seen in Arvada, Colorado January 10, 2014. By Rick Wilking for Reuters.]