Report: Federal hearings on Target breach possible
Washington, D.C. -- Sen. Robert Menendez (D-N.J.) reportedly may seek federal hearings on the recent data breach at Target. According to the Associated Press, Menendez said in a press conference held outside a Jersey City, N.J. Target store that he has also requested the Federal Trade Commission (FTC) to investigate whether it can levy fines against Target and whether laws protecting sensitive consumer data need to be strengthened.
Menendez reportedly said he does not think the FTC can currently assess any fines. The FTC did not fine T.J. Maxx for a similar data breach that occurred in 2006 and was resolved with a settlement agreement. The Department of Justice and Secret Service are both investigating the breach and at least three class-action lawsuits have been filed against the retailer, seeking more than $5 million in damages.