07 December 2016
Visit aciworldwide.com

PCI security vendor Trustwave named in Target breach suit

26 March 2014  |  6158 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.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Visa and MasterCard launch cross-industry effort to push US adoption of EMV

Visa and MasterCard launch cross-industry effort to push US adoption of EMV

07 March 2014  |  10848 views  |  4 comments | 20 tweets | 19 linkedin
Target chief information officer quits

Target chief information officer quits

05 March 2014  |  5370 views  |  0 comments | 6 tweets | 5 linkedin
Retail and financial services groups form cybersecurity partnership

Retail and financial services groups form cybersecurity partnership

14 February 2014  |  5097 views  |  0 comments | 4 tweets | 9 linkedin
Credit unions estimate $30 million hit from Target breach

Credit unions estimate $30 million hit from Target breach

11 February 2014  |  5318 views  |  0 comments | 6 tweets | 10 linkedin
US banks have re-issued 17.2 million cards following Target data breach

US banks have re-issued 17.2 million cards following Target data breach

07 February 2014  |  13575 views  |  8 comments | 25 tweets | 10 linkedin
Hacked Target hastens migration to chip cards

Hacked Target hastens migration to chip cards

05 February 2014  |  6246 views  |  0 comments | 4 tweets | 9 linkedin
Russian teen accused of writing Target malware

Russian teen accused of writing Target malware

20 January 2014  |  6008 views  |  4 comments | 8 tweets | 10 linkedin
Citi replaces all debit cards involved in Target breach

Citi replaces all debit cards involved in Target breach

16 January 2014  |  5888 views  |  0 comments | 7 tweets | 7 linkedin
Target raises numbers hit by data breach from 40 million to 70 million

Target raises numbers hit by data breach from 40 million to 70 million

10 January 2014  |  5552 views  |  1 comments | 11 tweets | 6 linkedin
Credit Union lobby urges Congress to act on retailer data security failings

Credit Union lobby urges Congress to act on retailer data security failings

20 December 2013  |  6001 views  |  1 comments | 3 tweets | 9 linkedin
Target says 40 million cards may have been compromised in data breach

Target says 40 million cards may have been compromised in data breach

19 December 2013  |  9573 views  |  2 comments | 11 tweets | 12 linkedin

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit VocaLink.comVisit contisgroup.com

Who is commenting?

A Finextra member Finextra Member Commented on: Payments regulator blo...
A Finextra member Finextra Member Commented on: Payments regulator blo...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7441 views 12 comments | 15 tweets | 27 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6931 views comments | 25 tweets | 15 linkedin
China tops world fintech rankingsChina tops world fintech rankings
6644 views comments | 34 tweets | 30 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6096 views comments | 18 tweets | 19 linkedin
Big tech policy group calls on Trump to promote fintech innovationBig tech policy group calls on Trump to pr...
5672 views comments | 22 tweets | 11 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job