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Target data breach described as “tip of the iceberg” by Jere Beasley

posted on:
January 22, 2014

category:
Consumer Fraud

After the compromise of nearly 110 million credit and debit card accounts, the Target data breach continues to affect consumers that shopped at Target between the dates of, at least, Nov. 27 and Dec. 15. According to WSFA’s latest report, Neiman Marcus and six other retailers have also had private customer information stolen due to cyber-attacks. Beasley Allen law firm Founding Shareholder Jere Beasley believes the public has only seen “the tip of the iceberg.”

“It has been happening, but not to this scale,” Mr. Beasley said. “And hackers are not going to stop.”

New legislation has been introduced as the Data Security Act of 2014 by Sens. Tom Carper (D.-Del.) and Roy Blount (R-Mo.). While the bill’s announcement appears to focus on helping consumers, Mr. Beasley says the bill is actually designed to protect large retailers while preventing an individual from filing a lawsuit. “The Federal Trade Commission and Congress have a direct responsibility to change our system, and until they do it, it’s open season,” he says.

Beasley Allen has filed two lawsuits against Target stores after the major security breach — one on behalf of Alabama State Employees Credit Union for financial losses and the other associated with the Target customers whose accounts were hijacked by hackers.

Courtesy of: WSFA News

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