30 August 2015

PCI security vendor Trustwave named in Target breach suit

26 March 2014  |  4940 views  |  0 Benjamin franklink US Note

PCI security vendor Trustwave has been accused of failing to detect vulnerabilities in Target's handling of credit card data ahead of last year's data breach, according to a law suit filed by Trustmark National Bank of New York and Green Bank of Houston.

The suit, filed in Chicago's US District Court, is the latest in an avalanche of claims being filed against the retailer over the holiday season data breach that saw the personal information of more than 100,000 customers hacked and hawked on undergound cyber-crime sites.

Trutswave, which promises 'smart security on demand' and claims to be a 'global leader in PCI DSS compliance' is alleged to have given Target a clean bill of health in September, two months ahead of the attack.

The suit alleges that Trustwave failed to detect clear vulnerabilities in the way Target handled credit card data at the point-of-sale, pointing to a New York Times report claiming that the giant retailer stored customer card details on its servers for six full days before hackers broke in and moved the data along.

The suit, which is understood to be seeking class action status and claiming up to $5 million in damages, claims that the ultimate cost to the banking industry of the breach could reach $18 billion in total.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

07 March, 2014
05 March, 2014
14 February, 2014
11 February, 2014
07 February, 2014
05 February, 2014
20 January, 2014
16 January, 2014
10 January, 2014
20 December, 2013
19 December, 2013
Your browser is unable to support Flash files.
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6452 views comments | 26 tweets | 22 linkedin
SunGard system glitch causes havoc for BNY...
6024 views comments | 13 tweets | 12 linkedin
FIS opens Indian financial inclusion lab
5929 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
5523 views comments | 27 tweets | 15 linkedin
Wirecard bids for Worldpay - Bloomberg
5013 views comments | 10 tweets | 7 linkedin

Featured job

to £90K base, double OTE, share options
London, UK

Find your next job