Visa to Contact Credit Unions Over Target Breach Settlement

Target has agreed to reimburse Visa card issuers up to $67 million for costs associated with their massive 2013 data breach.

Umpqua Bank Files Class Action Lawsuit Against Target; Survey Asks Whether Retailer Should be Held Liable for Losses Incurred by Credit Unions and Banks

A new Portland Business Journal survey asks readers to weigh in on who should bear the financial responsibility for data-breach losses at Target and other retailers. The poll comes on the heels of a class action lawsuit filed by Umpqua Bank against the nationwide chain.