5 Minn. Banks Sue Target Over Data Breach

Created: 02/25/2014 4:39 PM KSTP.com By: Cassie Hart

KSTP file photo.
KSTP file photo.

A group of southern Minnesota banks is suing Target Corp., alleging damages from the retailer's data breach late last year.
The five banks are First Farmers & Merchants banks.  The lawsuit was filed Saturday in U.S. District Court in Minnesota.
The complaint doesn't specify a damage amount but says the banks have had to refund fraudulent charges, close and reopen checking and savings accounts and cancel and re-issue credit and debit cards.
The Star Tribune reports the banks are in Luverne, Fairmont, Brownsdale, Grand Meadow and Cannon Falls.
A Target spokeswoman told the newspaper the Minneapolis-based retailer does not comment on litigation.
As of February, banks and credit unions nationally estimated they've spent more than $200 million replacing credit and debit cards whose data were snatched in the cyberattack.

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