Target facing lawsuits from small banks over data breach

The banks allege Target did not perform due diligence in protecting customer data from hackers

Nearly two months after retail giant Target first disclosed a massive data breach that resulted in approximately 40 million credit and debit card accounts being compromised, one may expect that the number of new lawsuits against the company would be starting to wind down.

However, while Target may be stemming the tide of the multiple class action lawsuits coming its way from angry consumers, one new set of challengers is beginning to emerge: upset financial institutions.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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