Chase, BofA Replace 15.3M Cards After Target Breach

Law360, New York (January 28, 2014, 4:32 PM EST) -- The Consumer Bankers Association said Tuesday that its member banks, including JPMorgan Chase Bank NA, Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. Inc., have reissued over 15.3 million debit and credit cards in the wake of the huge Target Corp. holiday data hack.

Replacing the cards has cost the banks more than $153 million, the CBA said. In addition to reissuing cards, CBA member banks have enhanced transaction monitoring, added additional fraud rules on accounts and extended call center operations to respond...
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