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.

Published Thu, Mar 27 2014 12:14 PM CDT   |   Updated Sat, Aug 8 2020 10:29 AM CDT

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.

Banks hit Target, security auditor with class-action lawsuits | TweakTown.com

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.

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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