As would be expected, the finger pointing has begun! Target is asking a federal judge in St. Paul to dismiss a multibillion-dollar complaint filed by groups of banks stemming from last year’s massive data breach.
The banks claim Target was negligent in its handling of shoppers’ credit and debit card information, which allowed hackers to steal sensitive information about some 100 million U.S. consumers. The banks are seeking class-action status in the case.
But in a response filed Sept. 2, Minneapolis-based Target argued the banks’ costs aren’t its responsibility. Target argues that as a retailer, it is two steps removed from the banks and credit unions that issued the cards — and therefore, not liable under the law.
I am sure all of the companies that have recently been hacked are on the sidelines cheering for Target to win.