In a much-anticipated court ruling, a Minnesota federal judge said Dec. 2 that Target Corp. had a duty to protect debit and credit card information from cyberthieves.
Three of four allegations in a class action suit filed by financial institutions against Target can proceed.
Risk-based capital, interest rate risk and cybersecurity will be hot topics at CUNA's San Francisco conference.
Bank, credit union and individual plaintiffs may all see their cases consolidated and moved to Minnesota, where Target is headquartered.
New information shows that the threat was identified, but was not considered large enough to warrant immediate response,
Online retailers are drawing a $279 loss for every $100 of fraud loss, partially attributed to chargebacks and their associated costs.
Massive hack could expose business services members at credit unions.
The retailer also said it hopes to take a lead in encouraging EMV chip-and-PIN cards in the U.S.
Retailer also admits personal information, such as mailing addresses, phone numbers and email addresses, were also compromised.
State's credit union network reports activity by phone calls, emails and in-person contacts.