Embattled retailer Target sent its general counsel Timothy Baer to speak with state prosecutors on December 23 to address concerns about the recent data breach that affected more than 40 million Target cardholders, Reuters reported.
Attorneys general from Connecticut, Massachusetts and New York have reportedly asked the Minnesota-based company to provide more information on the breach. Target faces 15 lawsuits seeking class action status, the media outlet said.
Target’s stock and consumer perception have both taken a hit since the incident was reported, in particular its stock lost $1 billion in market value.
On December 25, further allegations emerged that encrypted personal identification numbers (PINs) were stolen during the breach.
For more on this developing story as well as its potential implications, read the full report here.
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