Banks Abandon Class Action Against Trustwave
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The Target data breach will not be claiming security vendor Trustwave as one of its victims after all.
On March 24, a class-action lawsuit was filed in the U.S. District Court, Northern District of Illinois by Trustmark National Bank and Green Bank naming Trustwave alongside retailer Target in their complaint. The legal action against Target and Trustwave has now been dropped by both banks.
Target was the victim of a large data breach that was first disclosed on Dec. 19, 2013, leaving as many as 110 million customers at potential risk. The class-action lawsuit by Trustmark National Bank and Green Bank had named Trustwave on the belief that the security vendor was directly involved in the security operations of Target and was somewhat responsible for not adequately protecting the retailer.