Law360, Los Angeles (October 1, 2015, 6:11 PM EDT) -- Litigation faced by Target and Home Depot after massive data breaches highlights the cybersecurity concerns that all companies face. Here, attorneys discuss how insurance policies can protect against potential liability and where companies may have trouble getting coverage.
Card Issuer Liability
Target Corp. and other major retailers hit with cyberattacks have faced claims from financial institutions that issued customer credit cards. Last month a Minnesota federal judge certified a class of about 9,000 banks and credit unions that contend they’re entitled to damages to cover fraud losses and costs associated with handing out new credit and debit cards to their customers...
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