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Target may have gotten what it wanted on May 7 when a U.S. District Court judge green-lighted its $19 million settlement with MasterCard, but the win may come back to haunt it and other retailers.

Card issuers now have until May 20 to decide if they’ll accept the highly-criticized settlement offer related to Target’s massive 2013 data breach, but concerns about the settlement’s size, the exclusion of card issuers from the negotiations, and the requirement to forfeit future rights to sue Target may fuel a growing crusade to make Target and other retailers liable for the havoc their data breaches wreak.

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Tina Orem


Credit Union Times

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