Credit Card Breach Update: Neiman Marcus Investigated; Target Sued by Bank

By Chris Dolmetsch and Andrew Harris | January 15, 2014
Target

  • January 15, 2014 at 1:46 pm
    Baxtor says:
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    Wow Target’s already struggling competing against Wal-Mart. Any big payout may disable them completely. It’s funny all the talk about suing Target. Where are the articles about going after the theives? I’d really like to know who they are.

  • January 15, 2014 at 9:56 pm
    okt0ber says:
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    What planet are you on? Target isn’t struggling with anything. Who on earth would rather go to Wal Mart over Target? Disable them? Uh, Target has been profitable for years. These lawsuits will be a drop in the bucket for them… you should really check your facts before you post them…

    • January 15, 2014 at 9:59 pm
      FormerStatusQuo says:
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      sue for economic loss and that’s it. nothing more here…

    • January 16, 2014 at 3:16 pm
      Libby says:
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      You’re a little hard on Baxtor, man.

    • January 17, 2014 at 3:46 pm
      Don't Call Me Shirley says:
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      Ward, don’t you think you were a little hard on the Baxtor?

  • January 15, 2014 at 9:58 pm
    FormerStatusQuo says:
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    You will never see those articles because they aren’t important in the eyes of the media – you can’t win million dollar or even billion dollar lawsuits against hackers. #what’sabitcoinworth?

    As for the payout, I wouldn’t be too worried about target. The Heartland Systems breach a few years ago was bigger and they are still surviving. On top of that Target has over $100MM in cyber liability coverage as well as $60MM in D&O. At the end of the day, they are doing the right thing which is offering credit and fraud protection. It was a mistake on their end and as long as they fess up and pay for it they shouldn’t have any issues. It’s not like they intentionally gave away the data. Pay the economic loss and move on – any suits for damages beyond that are meritless.

  • January 16, 2014 at 1:39 pm
    tommurphy says:
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    To Former Status Quo, Who owns Target and what country are they based out of?? also why did they not let the Marines collect toys for tots in front of their stores at CHRISTMAS TIME????

  • January 16, 2014 at 1:52 pm
    tommurphy says:
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    What country is TARGET based out of and who owns them. You might be surprised. ?

    • January 17, 2014 at 9:10 am
      Libby says:
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      Last I knew, Target was a French company.

  • January 16, 2014 at 1:54 pm
    tommurphy says:
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    Target is a wonderful co.



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