Winter 2013 brought a large data breach for Target. Various lawsuits ensued. Financial institutions sued. Individuals sued.
Target had sought to dismiss the suit brought by 5 financial institutions. The judge said no.
Judge Magnuson also said, “imposing a duty on Target in this case will aid Minnesota’s policy of punishing companies that do not secure consumers’ credit- and debit-card information.” [
Posted inbanking, data privacy, legal trend, legislative trend, retail data breach
President Obama’s pick to lead the Pentagon, Ashton Carter, is a strong proponent of increasing data security. He’s been involved with the reorganization of US Cyber Command. Expect more legislative & media attention for data security. [Washington Post] Data Security Getting More Media Attention