Southern Minnesota banks sue Target over data breach - KTTC Rochester, Austin, Mason City News, Weather and Sports

Southern Minnesota banks sue Target over data breach

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ROCHESTER, Minn. (KTTC) -- Several southern Minnesota banks are suing Target because of the holiday season data breach.

First Farmers and Merchants Bank of Grand Meadow, Cannon Falls, Brownsdale and Fairmont claim they've suffered substantially because of the breach.

The banks are seeking compensation for costs that followed the hacking after having to refund fraudulent charges, close and re-open accounts, and cancel and re-issue credit and debit cards.

The banks say Target was negligent in protecting consumer data.

Nationwide, banks claim they've spent $200-million replacing credit and debit cards.    

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