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Texas police arrest man linked to Target data breach

Target logo on Target store, Chicago
Getty Images
Target logo on Target store, Chicago

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 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.

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  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.