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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.

 

TweakTown image news/3/6/36592_01_banks_hit_target_security_auditor_with_class_action_lawsuits.jpg

 

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.

NEWS SOURCESReuters.com, Wlne.images.worldnow.com

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