Michaels Breach: Who’s Liable? Experts say incident Proves Need for More Issuer Protections? Card fraud usually occurs outside banking institutions’ control. Banks and credit unions, as card-issuers, usually absorb losses and expenses associated with breach recovery. Attorney Randy Sabett says the liability lines are often blurred and hard to define after a breach. Sabett: “There is a lot of entanglement in the credit card industry It’s often hard to pin anything down in the contract””]
Source: https://www.fraudtoday.io/michaels-breach-whos-liable-a-3668