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Target, Visa say fraud limited in wake of data breach

from The Wall Street Journal

Target Corp. said it has seen relatively little fraudulent activity on its cards following a massive data breach over the holidays, comments that came as the retailer faced criticism from lawmakers for data-protection shortcomings that may have facilitated one of the largest payment-card thefts in history. Target Chief Financial Officer John Mulligan, speaking at a recent Senate Commerce Committee hearing, said there has been $2 million in fraud on the Visa credit cards it issues and none on Target's store-issued debit cards. more


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