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Alabama State Employees Credit Union has filed the first class action lawsuit by a financial services company against Target Corp. over costs from the massive card security data breach the retailer suffered from Black Friday to mid-December.
January 2 -
The massive Target card data breach has members of Pennsylvania State Employees Credit Union viewing the credit union's Facebook page in record numbers.
December 30 -
BBVA Compass says 10% of its cardholders were affected by Target's data break-in.
December 27 -
The Target breach has many in the industry thinking: Has the time come for EMV? Is the magnetic stripe dead? What is the final solution to card fraud, if there is one?
December 23
A group of 17 Democrats from the House Financial Services Committee Monday called for a full committee hearing to address problems stemming from and related to the recent Target data breach that could have affected up to 110 million consumers.
The 17 Democrats
"The Target breach which industry analysts say is among the largest recorded financial data security breaches raises important questions about what merchants who suspect a data breach has occurred must disclose, when they must disclose it, and who has the right to be notified," the Democrats wrote in the letter.
The letter continues: "Quick notification of a breach increases the likelihood that consumers can take measures to protect themselves from fraudulent activity and is similarly critical to successfully reducing the ultimate fraud losses that financial institutions incur."
The name at the top of the list of representatives signing the letter was ranking member Rep. Maxine Waters, D-Calif.
Last week,
New York Attorney General Eric T. Schneiderman