Banks withdraw from class-action lawsuit against Trustwave

Trustwave cleared when banks withdraw from class-action lawsuit, as Trustwave CEO also speaks out regarding the ongoing drama.

Published Mon, Mar 31 2014 4:39 PM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

Less than one week after two banks hit Target and credit card security service company Trustwave with a class-action lawsuit, the banks have pulled the lawsuit.

Banks withdraw from class-action lawsuit against Trustwave | TweakTown.com

It seems Trustwave was inaccurately noted as a Target IT security contractor, which doesn't appear true - interestingly, the class-action lawsuit aims to try and expand responsibility of the data breach away from just Target.

"Contrary to the misstated allegations in the plaintiffs' complaints, Target did not outsource its data security or IT obligations to Trustwave," said Robert McCullen, Trustwave CEO, in a public statement. "Trustwave did not monitor Target's network, nor did Trustwave process cardholder data for Target."

Trustmark National Bank and other financial institutions haven't thrown legal action completely out the window, though will more closely try to analyze appropriate steps.

NEWS SOURCE:trustwave.com

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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