{"id":101,"date":"2015-02-03T22:12:00","date_gmt":"2015-02-03T22:12:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2015\/02\/03\/data-breach-liability-for-retailer-is-there-a-financial-cap-for-a-grocer\/"},"modified":"2015-02-03T22:12:00","modified_gmt":"2015-02-03T22:12:00","slug":"data-breach-liability-for-retailer-is-there-a-financial-cap-for-a-grocer","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/data-breach-liability-for-retailer-is-there-a-financial-cap-for-a-grocer\/","title":{"rendered":"Data Breach Liability for Retailer? Is there a Financial Cap for a Grocer?"},"content":{"rendered":"<p>Retail data breaches lead to class action lawsuits. They&#8217;re new. They&#8217;re\u00a0trendy.<\/p>\n<p>How financial liability for a breach is assessed is a\u00a0developing\u00a0legal trend. Legal trends turn\u00a0into legislative trends as states grapple with assigning liability.<\/p>\n<p>Today the\u00a0retailers &amp; the banks are at odds\u00a0over this in policy court. To add fuel to the this policy fire, a\u00a0federal court sided with a retailer against financial institutions by limiting\u00a0a grocer&#8217;s liability\u00a0to:<\/p>\n<ul>\n<li>$500,000<\/li>\n<li>based on the agreement between the grocer &amp; the financial institutions processing the payments<\/li>\n<\/ul>\n<p>Retailers want banks to bear the brunt of costs. Banks want retailers to meet the high security standards they have to meet.\u00a0<\/p>\n<p><a href=\"http:\/\/www.pymnts.com\/news\/2015\/supermarket-chain-data-breach-loss-capped-at-500000\/#.VNEQAMY-AwQ\">PYMNTS.COM<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail data breaches lead to class action lawsuits. They&#8217;re new. They&#8217;re\u00a0trendy.<\/p>\n<p>How financial liability for a breach is assessed is a\u00a0developing\u00a0legal trend. Legal trends turn\u00a0into legislative trends as states grapple with assigning liability.<\/p>\n<p>Today the\u00a0retailers &amp; the banks are at odds\u00a0over this in policy court. To add fuel to the this policy fire, a\u00a0federal court sided with a retailer against financial institutions by limiting\u00a0a grocer&#8217;s liability\u00a0to:<\/p>\n<ul>\n<li>$5&#8230;<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,9,4],"tags":[],"class_list":["post-101","post","type-post","status-publish","format-standard","hentry","category-banking","category-legal-trend","category-retail-data-breach","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=101"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/101\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}