Court Rules in Favor of Breached Retailer
Tracy Kitten reports:
A breached retailer has won a court ruling against its payments processor and merchant bank, setting a $500,000 cap on how much it must pay for a point-of-sale breach it suffered in late 2012. Now the processor and bank must pick up the rest of the breach-related tab.[…]
On Jan. 15, the U.S. District Court for the Eastern District of Missouri ruled that the St. Louis-based grocery chain Schnuck Markets Inc. was not the sole party responsible for covering losses and expenses associated with its payments breach, which is estimated to have compromised some 2.4 million credit and debit cards.
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