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Friday, December 20, 2013

Target Fallout Continues After Security Breach

Target Corp. said information from some 40 million Target shoppers' credit and debit cards was stolen in the three weeks after Thanksgiving. (Jay Reed/Flickr)

Target Corp. said information from some 40 million Target shoppers’ credit and debit cards was stolen in the three weeks after Thanksgiving. (Jay Reed/Flickr)

The fallout continues for Target Corporation, whose 1,797 stores have suffered one of the largest-ever credit card breaches in the U.S.

A class-action lawsuit was filed last night by a California shopper — the first of what lawyers expect to be a torrent of similar suits.

In addition, Target is likely to be subject to fines by card issuers for non-compliance with payment card security standards. And then, there are the fraudulent charges to consumers, which banks may also try to recoup from the Minneapolis-based company.

Target shares closed down 2.2 percent last night on the New York Stock Exchange.

Retail consultant Howard Davidowitz joins Here & Now’s Jeremy Hobson to discuss what the future holds for Target.

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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

November 26 2 Comments

UC President Janet Napolitano Says Tuition Must Rise

Napolitano defends the planned tuition increases, which some students and lawmakers say are too steep.

November 26 18 Comments

National Bar Association Critical Of Ferguson Grand Jury Process

St. Louis attorney Pamela Meanes, who is president of the association, explains her concerns with how the D.A. handled the process.

November 25 8 Comments

Lightening Up Traditional Thanksgiving Fare

Our resident chef Kathy Gunst has created lighter versions of listeners' favorites, from mashed potatoes to green bean casserole.

November 25 Comment

U.N. Envoy Calls For ‘Firing Freeze’ In Aleppo, Syria

Staffan de Mistura says limited and localized ceasefires in this historic city could serve as a model for the rest of the country.