U.S. Rep. Dan Kildee, Others in Congress, Call for Answers on Target Data Breach
Michigan Congressman Dan Kildee and other Democratic members of the House Financial Services Committee have called for an inquiry into the massive Target data breach that compromised as many as 110 million consumers.
In a letter to Financial Services Committee Chairman Jeb Hensarling (R-TX), Kildee along with 16 other Democrats asked for a hearing to explore the recent data breach, review current law designed to protect consumers and determine what can be done to ensure the financial security of consumers' card information.
It was written in the letter "a hearing would provide members the opportunity to hear from regulators and the industry to learn what steps merchants, financial institutions, payment processors, card networks and others should take to reduce vulnerabilities in the payment system, and strengthen measures that protect consumers from fraud."
Industry analysts have said that the Target data breach is among the largest recorded financial data breaches in history.