Skip to main content
Tags: target | hacking | blumenthal | investigate

Sen. Blumenthal: FTC Should Probe Target Over Hacked Cards

By    |   Monday, 23 December 2013 06:50 PM EST

The Federal Trade Commission should investigate whether retailing giant Target properly protected the data of 40 million shoppers hacked in a massive security breach, Democratic Connecticut Sen. Richard Blumenthal says.

Blumenthal fired off a letter to the FTC over the weekend asking for the probe, The Hill reported Monday.

“If Target failed to adequately and appropriately protect its customers’ data, then the breach we saw ... was not just a breach of security; it was a breach of trust,” he wrote.

Target said last week that about 40 million credit and debt card accounts had been affected by the breach from Nov. 27 to Dec. 15.

“Given the scope and duration of Target’s recent data breach, it appears that Target may have failed to employ reasonable and appropriate security measures to protect personal information,” Blumenthal wrote.

“If Target failed to adequately protect customer information, it denied customers the protection that they rightly expect when a business collects their personal information. Its conduct would be unfair and deceptive, and it would clearly violate the FTC Act.”

Congress would have to act to give the FTC the power to hit errant companies with penalties; Blumenthal said he'd consider legislation giving the FTC power to punish firms.

“I look forward to working with my colleagues in the Congress and with the commission" to make sure it has "all the sanction authority it needs to carry out its mission effectively,” he said, according to The Hill.

Target is already moving to assuage furious customers, offering free credit reports to anyone who thinks they may have affected by the breach — and a 10 percent discount over the post-Christmas weekend.

According to Fox News, KrebsOnSecurity reports the stolen data flooded underground black markets, selling from $20 to more than $100 each.

The news site says there are hundreds of online stores selling stolen credit and debit cards from banks worldwide.

The Target breach is the second-largest credit card hack in U.S. history, Fox News reported.

© 2024 Newsmax. All rights reserved.


US
The Federal Trade Commission should investigate whether retailing giant Target properly protected the data of 40 million shoppers hacked in a massive security breach, Democratic Connecticut Sen. Richard Blumenthal says.
target,hacking,blumenthal,investigate
330
2013-50-23
Monday, 23 December 2013 06:50 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved