The fallout from the Target breach continues. CU Times has been covering what the breach has meant for credit unions since the beginning. Here's a look at the complete coverage so far.
We will be updating this page as the news happens, so keep it bookmarked.
Just another way CU Times delivers the news busy credit union executives need.
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Target, MasterCard Settlement Failure Priceless to Plaintiffs: Target, MasterCard, attorneys for plaintiff issuers and NAFCU speak out on the failed settlement.
Target/MasterCard Settlement Deal Dead: The required 90% of plaintiff issuers did not agree to the terms.
Target Court Win May Burden Retailers: Financial institutions' loss in court could intensify the fight to force retailers to shoulder more data breach costs.
Target Settlement: Judge Denies Injunction: Although Judge Paul Magnuson agrees the settlement isn't fair, a lack of class action status makes it legal.
Target Settlement Inadequate: Financial Institutions: MasterCard deal worth $19M doesn't come close to covering actual breach losses, say bank and credit union plaintiffs.
Target Breach Class Action Suit Moves Forward: Judge says consumer suit can proceed because victims suffered actual losses.
Judge: Target Lax With Data: In a much-anticipated court ruling, a Minnesota federal judge said Dec. 2 that Target Corp. had a duty to protect debit and credit card information from cyberthieves.
Target Had Duty to Protect Data: Judge: Three of four allegations in a class action suit filed by financial institutions against Target can proceed.
Retail Groups Attack Trades on Data Security: Retail associations have accused CUNA and NAFCU of using misleading arguments on data security in the media and before Congress.
Most Credit Unions Hit by Breaches: Survey: NAFCU reports 84% of respondents hit by local data breaches during the last two years.
Target CEO Resigns: Gregg Steinhafel steps down from his position as CEO and board chairman following Target's major data breach.
Security Lessons for Credit Unions Post Target Breach: Learn how to assess vendor network access risk in this opinion piece.
Target Cases Moved to Minnesota: Federal jurists consolidate actions against retailer in massive 2013 card data breach.
Price Is Right for Credit Union to Join Target Data Breach Lawsuits: The price was right for one New Mexico credit union to join the lawsuits filed against Target over the massive Target card breach.
Target Ignored Breach Alert: New information shows that the threat was identified, but was not considered large enough to warrant immediate response.
Target Attack Tab Passes $200M: Data collected by CUNA and the Consumer Bankers Association covers only the cost of card replacement.
Banks Reissue Four Million Cards: Last year's card security breaches forced community banks to reissue more than four million debit and credit cards.
Community Banks Reissued More Than 4M Cards: ICB : Decision to close and reissue compromised cards cut fraud rate to fewer than 1% of customers.
CUNA and NAFCU Opt Out of Data Security Pact: Credit union trade associations turn down an offer to join bankers and retailers in a pledge to collaborate on data security.
Target Breach: CUNA Survey Updates Detail System Cost: Responding credit unions report 14% of all cards affected by Target breach, including 9.3% of all debit card and 4.3% of outstanding credit cards.
Target Breach Cost Credit Unions $30M: NAFCU: Members surveyed also reported their average Target breach cost was $45,000.
Suits Target Target: A second credit union files a lawsuit against the Minneapolis-based retailer over massive data breach.
Data Privacy After Snowden and Target: This opinion piece looks at the implications and opportunities presented to credit unions by recent data breaches and NSA revelations.
3 Ways Retailers Are Wrong About Data Security: Trades: CUNA, NAFCU and bank trade associations fire off a letter to leaders on Capitol Hill countering what they say are false retailer claims about data breaches.
Target Exec Says EMV Carries $100M Price Tag: On-site Coverage: WASHINGTON–Minnesota-based retailer considered chip-and-PIN 10 years ago for Target Visa REDcards, but scrapped it.
Target Faces New CU Suit: $38 million First Choice FCU of Pennsylvania files a class action suit seeking damages stemming from card data breach.
Target Breach Enabled By Stolen Vendor Credentials: Even though malware can infect POS terminals, most need additional help to breach a retailer's computer systems.
Congressman Calls for Target Breach Probe: Georgia Democrat Hank Johnson said he would support an "oversight investigatory hearing to probe into that matter."
Small Businesses More Vulnerable After Target Breach: Massive hack could expose business services members at credit unions.
Targeting Target: The $211 million Alabama State Employees Credit Union is the first financial institution to sue Target seeking breach losses.
Target Breach: Hensarling Rep Mum on Hearings: House Financial Services spokesman said committee would examine data security, but would not answer specific questions about Target
Target Confirms POS Malware, Pledges Campaign: The retailer also said it hopes to take a lead in encouraging EMV chip-and-PIN cards in the U.S.
Target Breach: Lawmakers Press for Hearings: Lawmakers, trade associations and industry lobbyists increase pressure on Congressional committees to investigate the growing Target breach.
Target Breach: Credit Union Lessons Learned: Credit unions that informed members and replaced cards early are reporting few to no losses.
Reaction Follows Target Breach Upgrade: NAFCU renews call for congressional action while New York attorney general says probe is underway.
Target Increases Breach Numbers By 70 Million: Retailer also admits personal information, such as mailing addresses, phone numbers and email addresses, were also compromised.
Target Breach Prompts Senate Bill: Data security bill, sponsored by Sen. Patrick Leahy (D-Vt.), includes criminal penalties for those who conceal a breach.
Separate Holiday Data Breaches Show Complexity of Cyberattacks: Target and Snapchat incidents had different motives, but both raised awareness regarding the importance to safeguard customer data.
Target Breach Drives Members to Shared Branching: Members of $28M Nebraska credit union accessed account funds at NextGen kiosk using driver's licenses or other cards.
Target Breach Survey Draws 200 CUs to CUNA Site: CUNA will release aggregate breach cost information to member credit unions, lawmakers, federal regulators and the media. Individual credit union numbers will be kept confidential.
Target Card Breach Lumps Coal in Credit Union Stockings: Just in time for the holidays, a major card data breach reminded credit unions just how vulnerable their debit and credit card programs remain to other institutions' failures.
Target Accused of Non-Compliance in CU Suit: Alabama credit union claims retailer broke rules when it stored unprotected cardholder information.
NAFCU Joins Call for Action on Target Breach: Trade group urges Congress to impose stricter rules, spread financial responsibility to retailers.
Target Breach Prompts Credit Union Calls for Relief: California, Missouri leagues cite need for legislative, technology measures while Golden 1 replaces 67,000 cards.
Minnesota Credit Unions Get Thousands of Inquiries After Target Breach: State's credit union network reports activity by phone calls, emails and in-person contacts.
Credit Unions, NAFCU, CUNA Respond to Target Security Breach: Trade groups call for tighter security, while credit unions monitor and warn.
What the Target Breach Means for Credit Unions: The breach, which reportedly involved the theft of mag stripe data, will have a significant impact on credit unions and members.
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