Beasley Allen files class action lawsuit on behalf of financial institutions injured by Target credit breach

Beasley, Allen, Crow, Methvin, Portis & Miles, P.C., has filed a second class action lawsuit related to the major security breach at Target stores that began on or around Nov. 27, just before “Black Friday,” and continued through at least Dec. 15, which allowed hackers access to customers’ credit and debit card information. It is estimated that more than 40 million accounts were compromised. The latest class action lawsuit was filed on Dec. 30 on behalf of Alabama State Employees Credit Union on behalf of the Plaintiffs against defendant Target Corporation. Beasley Allen lawyers Jere L. Beasley, W. Daniel “Dee” Miles, III; and Larry A. Golston are representing the Plaintiffs.

The class action lawsuit seeks compensation for financial losses resulting from defrauded deposits of financial institution members and customers, as well as costs associated with closing accounts, reissuing new checks, debit cards, and credit cards as a result of Target’s data breach.

“Because Target failed to maintain adequate computer data security of customer credit and debit card information, it exposed millions of people to the risk of fraud and identity theft, and violated their privacy rights,” said Beasley Allen Founding Shareholder Jere L. Beasley. “Target could have taken steps to ensure the safety of its information technology systems. Instead, people were left scrambling at the holiday season, unsure of their financial security.”

Target publicly announced on Dec. 20, 2013, that it had been hit by a wide-reaching security breach that compromised millions of cardholder accounts. The retailer reported the hackers had access to credit and debit card holders’ names, card numbers, and the three-digit security number on the card. On Dec. 27, 2013, Target admitted that it had confirmed that encrypted personal identification numbers (PINs) also were stolen.

The lawsuit was filed in the United States District Court, Middle District of Alabama, Northern Division. Beasley Allen filed a class action lawsuit on Dec. 20 on behalf of consumers whose information was compromised.

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