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Banks hit Target, security auditor with class-action lawsuits

Target and Trustwave hit with class-action lawsuit from two banks, accusing both companies of failing to protect customer data (NYSE:TGT)
| Hacking & Security News | Posted: Mar 27, 2014 5:14 pm

The legal woes for popular retailer Target continue to mount, with Green Bank NA and Trustmark National Bank filing a class-action lawsuit, accusing the company of not properly securing customer data. Also named in the suit was Trustwave Holdings, a company specializing in credit card security services, with other complaints likely in the immediate future.




Target outsourced data security operations to Trustwave, and "failed to live up to its promises or to meet industry standards," the suit claims.


Target already faces numerous class-action lawsuits from customers affected by the data breach, so this will only further rack up the legal fees. In addition, disclosures indicating Target may have known about a potential security breach - and ignored numerous security warnings from internal IT - will add fuel to the fire.


Target was the biggest breach, but other retailers have been hit with various types of malware, targeting point-of-sale registers, online stores, and company records.


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