Financial institutions’ loss in court could intensify the fight to force retailers to shoulder more data breach costs.
Judge says consumer suit can proceed because victims suffered actual losses.
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.
The nearly $230,000 in funding will be used by credit unions, communities and individuals around the state.
For more than nine years, Carter Federal Credit Union hummed along with its business lending program amassing $7 million in loans, relishing the fact that its portfolio never took any charge-off or delinquency hits.