Retail/Restaurants/Convenience / Security Newswire

Banks Sue Target's Security Auditor over Breach

Trustmark National Bank and Green Bank N.A. have sued security firm Trustwave for damages suffered from the holiday season data breach at Target Corp, accusing the company of failing to identify security gaps.

The two banks are seeking damages of more than $5 million and named Trustwave Holdings and Target as defendants, said Reuters.

The banks allege that the vulnerabilities in the Target system were either undetected or ignored by Trustwave, giving hackers access to millions of card accounts and personal records, Reuters said.

The suit seeks compensatory and statutory damages for what the banks claimed were the losses they sustained in canceling and reissuing credit and debit cards that were exposed in the data breach.

Some 40 million payment card records were stolen from the discount retailer, along with 70 million other records with customer information such as addresses and telephone numbers, during the 2013 holiday shopping season.

Target spokeswoman Molly Snyder declined to comment on the American Banker report, said Reuters, and Trustwave was not available for comment outside regular business hours.

http://in.reuters.com/article/2014/03/26/target-trustwave-lawsuit-idINL4N0MN2R120140326

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.

Podcasts

Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

April 2015 security magazine cover

2015 April

In this April 2015 issue of Security, find out how to keep your enterprise resilient after a disaster in 2015. Also discover how to strike a balance between design basis threats and active shooter threats and see what's in store for the 2015 RSA Conference.

Table Of Contents Subscribe

Body Cameras on Security Officers

Body cameras are being used increasingly by police in cities across the U.S. Will you arm your security officers with a body camera?
View Results Poll Archive

THE SECURITY STORE

Effective Security Management, 5th Edition.jpg
Effective Security Management, 5th Edition

 Effective Security Management, 5e, teaches practicing security professionals how to build their careers by mastering the fundamentals of good management. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. 

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.