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(NECN) - Most people would rather not revisit the insanity of the holiday shopping season, but something happened that caused sleepless nights all over America.
The Target data breach story is far from over.
Wednesday, Sen. Patrick Leahy from Vermont announced he will chair hearings in the investigation.
Additionally, the federal government came out with an estimate that 16 million people were victims of identity theft in 2012. More than half had financial losses of nearly $2,000. Ten percent of those victims spent more than a month clearing up the mess.
Bentley University professor Steven Weisman, who writes the blog Scamicide, joins Jim Braude on Broadside to discuss the breach.
"We know now how bad retailing and the banks have been, that there's been technology that's been available for 20 years for smart chips in cards, that, just for not wanting to go to the expense, the banks and the retailers don't use," said Weisman. "Now, the people, the buyers, are paying the price for that."
Weisman is the author of "50 Ways to Protect Your Identity in a Digital Age."