Cybersecurity
Target Lawyer Tells Judge It Has No Duty to Banks Over Hack
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A Target Corp. lawyer told a judge that the company had no legal obligation to banks that claim to have lost tens of millions of dollars after a hack last year on the retailer’s payment processing systems.
Target didn’t have a legal duty to the banks because card payments are processed through third-party intermediaries, Douglas Meal, the retailer’s lawyer, told U.S. District Judge Paul Magnuson in St. Paul, Minnesota. Target isn’t liable to the lenders, he said today in urging the judge to dismiss the case.