A Minnesota judge denied a motion by banking institutions to block MasterCard’s $19 million settlement with Target Corp. on behalf of card issuers affected by the retailers’ massive 2013 breach. Banks and credit unions filed a class-action suit against Target in 2014 filed. One cybersecurity attorney says this ruling could discourage banks from pushing forward. The judge’s decision isn’t likely to be appealed, experts say, and could even leave institutions believing that it makes more sense to just accept the settlement, rather than invest in further legal proceedings.”]
Source: https://www.cuinfosecurity.com/will-banks-drop-target-lawsuit-a-8211