Target, Security Vendor Face Data-Breach Suit From Banks

Law360, New York (March 27, 2014, 10:07 PM EDT) -- A pair of banks on Monday launched the latest class action over Target Corp.'s massive data breach, attacking both the retailer and its security vendor Trustwave Holdings Inc. for allegedly failing to bring the store's systems into compliance with industry standards and established security laws.

In a complaint filed in Illinois federal court, New York-based Trustmark National Bank and Texas-based Green Bank NA allege that the the defendants ignored several industry standards and statutory requirements — including the Payment Card Industry Data Security Standard, the federal...
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