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Target Fallout Continues After Security Breach

Friday, December 20, 2013

The fallout continues for Target Corporation, whose 1,797 stores have suffered one of the largest-ever credit card breaches in the U.S.

A class-action lawsuit was filed last night by a California shopper — the first of what lawyers expect to be a torrent of similar suits.

In addition, Target is likely to be subject to fines by card issuers for non-compliance with payment card security standards. And then, there are the fraudulent charges to consumers, which banks may also try to recoup from the Minneapolis-based company.

Target shares closed down 2.2 percent last night on the New York Stock Exchange.

Retail consultant Howard Davidowitz joins Here & Now’s Jeremy Hobson to discuss what the future holds for Target.

Guest

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Source: NPR

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