Target vs Walmart | Bricks and Bytes | 4

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 21 June 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s 2013 and Target’s troubles are multiplying. The Minneapolis retailer’s big push into Canada is getting the cold shoulder and a gang of cybercriminals are about to bust open its network and stage a billion-dollar heist.

But while Target firefights, Walmart is focusing on a newer, more hi-tech foe: Amazon.

And as the war for shoppers moves from bricks to bytes, Target’s new CEO Brian Cornell needs to get the chain back on track fast, before it gets left behind.

Binge all episodes early and ad-free with Wondery+. Join Wondery+ for exclusives, binges, early access, and ad free listening. Available in the Wondery App https://wondery.app.link/businesswars.

Support us by supporting our sponsors!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, prime members, you can listen to business wars ad-free on Amazon music.
0:04.6	Download the app today.
0:06.6	At a Washington DC target store in December 2013, shoppers crowd the checkouts.
0:20.8	Their carts loaded to the brim with holiday buys.
0:24.5	In one lane, the cashier raises an eyebrow as he scans a pair of Christmas jammies.
0:30.2	Wow, these are soft.
0:32.6	The customer smiles.
0:34.2	I know, right?
0:36.1	Mom and I touched them.
0:37.4	I had to get them.
0:39.0	OK, totals $98.48.
0:43.1	The cashier takes the woman's credit card and runs it through the checkout terminal.
0:47.2	Seems like just another everyday transaction.
0:50.1	But it's not.
0:51.7	As he slides the card through the reader, something inside the checkout terminal wakes.
0:58.1	Something that shouldn't be there.
1:01.1	Its name is Black POS, and it's a tiny sliver of malware that's been put there by criminal
1:07.8	hackers.
1:09.4	Before the transaction's complete, it clones the woman's credit card details.
1:15.0	By the time the cashier gives back her card, her stolen information is already on the
1:20.9	move.
1:23.0	The data zips through the wires, joining the card details lifted from customers at the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.