One of the two banks suing Target and security vendor Trustwave over responsibility for one the largest data breaches in history has pulled out of the lawsuit.
Trustmark National Bank, of New York, filed a notice of dismissal of its claims on Friday in U.S. District Court for the Northern District of Illinois.
It had joined Green Bank of Houston in the class-action suit, which claims Target and Trustwave failed to stop the theft of 40 million payment card details and 70 million other personal records.
The suit may have wrongly named Trustwave as one of Target's IT security contractors. After the suit was filed on March 24, Trustwave said it would not comment on pending litigation and customarily does not identify its customers. Many agreements with IT vendors and customers are confidential.
But on Saturday, Trustwave's Chairman and CEO Robert J. McCullen added more clarity by writing a letter on its website saying Target did not outsource its data security or IT obligations to the company.
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Banks Pulls Out of Class-Action Suit Against Target, Trustwave
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The following article is a update
Banks Get Green Light in Target Breach Suits
by Michael Mimoso
A Minnesota District Court ruling this week related to the 2013 Target data breach has opened the door for banks to pursue damages from retailers victimized by a data breach.
Judge Paul A. Magnuson ruled that Target was negligent in ignoring and, in some cases, turning off security features that the court said would have stopped the 2013 holiday shopping season breach. In a 16-page explanation, Magnuson concluded that financial institutions pursuing compensation from Target in court can continue with class-action lawsuits
full article
Banks Get Green Light in Target Breach Suits
by Michael Mimoso
A Minnesota District Court ruling this week related to the 2013 Target data breach has opened the door for banks to pursue damages from retailers victimized by a data breach.
Judge Paul A. Magnuson ruled that Target was negligent in ignoring and, in some cases, turning off security features that the court said would have stopped the 2013 holiday shopping season breach. In a 16-page explanation, Magnuson concluded that financial institutions pursuing compensation from Target in court can continue with class-action lawsuits
full article
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