Menendez talks credit card security efforts after Target data breach

Sen. Robert Menendez wants the federal government to hold companies accountable when their customers' financial information is stolen. The Democrat is taking on the topic

Menendez talks credit card security

Menendez talks credit card security (12/26/13)

JERSEY CITY - Sen. Robert Menendez wants the federal government to hold companies accountable when their customers' financial information is stolen.

The Democrat is taking on the topic after last week's revelation that personal information was stolen from nearly 40 million Target customers who used credit and debit cards at the store. Menendez says he wants to make sure retailers are "putting their customers ahead of profits."

The Federal Trade Commission can police companies' security measures, but cannot impose penalties for negligence.

"It seems what we need is to have the ability to levy fines and penalties," Menendez said, adding that he may introduce legislation on the issue.

He also says he may hold hearings on the Target breach.

Target has not said how the security breach happened, but says it has fixed the problem and that it is conducting its own internal investigation.
 

advertisement | advertise on News 12

Trending Video

1 VIDEO: Jersey City Pearl Harbor remembrance ceremony
VIDEO: News conference on arrest in murder of 2 VIDEO: News conference on arrest in murder of Sarah Butler
Republican Steve Rogers announces he will run for 3 Republican Steve Rogers announces gubernatorial run
Dozens of fellow officers show up to support 4 Dozens show up to support fired Wayne police officer
Gov. Christie visits with addiction counselors at the 5 Christie: Trump will make Medicaid changes to benefit NJ

advertisement | advertise on News 12

More News

If you’re one of the 40 million people KIYC: Target credit card breach

If you’re one of the 40 million people who shopped at Target between Nov. 27

Target stores hit by credit card breach Target: 40M credit cards affected by breach

Target has just put out a statement detailing a data breach affecting 40 million credit

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE