Banks Suing After Payment Card Breach Face Difficulty

Law360 (May 10, 2018, 1:34 PM EDT) -- The explosion of data breaches across all mediums and industries — and payment card breaches in particular — is well known. High-profile payment card breaches have dominated recent headlines, with criminal attacks on Chipotle, Sonic and Under Armour, just to name a few.[1] By the numbers, breach incidents quadrupled in 2017.[2] And not only is the frequency increasing, the cost is as well. The average cost of a data breach in the U.S. was $7.35 million per breach incident in 2017, up 5 percent from 2016.[3]...
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