Al Pascual is a financial fraud expert and senior analyst at Javelin Strategy & Research. In light of recent retail breaches, courts are likely to start holding retailers more accountable for financial losses that result from fraud, he says. Financial institutions end up suffering from these breaches because of the fraud losses linked to card compromises, he adds. The National Association of Federal Credit Unions is lobbying for national data breach legislation. For consumers, this hits home because they assume certain data is protected; and when it’s not, they realize they will be a fraud victim.”]
Source: https://www.cuinfosecurity.com/accountability-for-retail-breaches-a-6020