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Target Settles 2013 Data Breach Claims with Banks
Dec 3 2015 // Target Corp. will pay about $39 million to banks and credit unions to resolve losses from a 2013 holiday- season data breach, as retailers and financial institutions continue to grapple with the costs of major hacker...
Banks Scuttle MasterCard Settlement with Target Over Data Breach
May 26 2015 // A proposed $19 million settlement between MasterCard Inc. and Target Corp. over the retailer’s 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The...
Target to Pay MasterCard Banks $19M to Settle Data Breach Claim
Apr 16 2015 // Target Corp. said it had agreed to reimburse about $19 million to financial institutions that had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013. The amount under the...
MasterCard Offers Zero Liability on ATM Transactions
May 28 2014 // MasterCard Inc., the world’s second largest debit and credit card company, said it is extending its zero liability policy in the United States to include all PIN-based and ATM transactions. Zero liability protection...
How Banks Will Recover Funds in $45M Cyber Heist
May 13 2013 // Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts...
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