Senator wants consequences after Target’s security breach; new laws?
In the wake of one of the largest corporate security breaches in U.S. history, some lawmakers are calling for companies to be held more accountable.
After about 40 million Target customers accounts were compromised by hackers.
New Jersey senator Robert Menendez says he’s considering suggesting new laws to help fight the problem.
Senator Menendez said there needs to be consequences for retailers when security breaches happen.
According to Menendez, “Now we’ve gone through about three major data breaches in this country of consumers’ cards, credit cards. It seems to me that at this point what we need is to have the ability to levy fines and penalties.”
Target did not disclose details of how the security breach occurred, but it says it has fixed the problem.
The retail giant says it is also conducting its own internal investigation into what went wrong.