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Citi, Capital One & JPMC Don't Support MasterCard’s Proposal of Paying 11% of Target Breach's Estimated Cost

Probably one of the most infamous payment data breach cases ever was the massive attack on Target stores in 2013 which led to the loss of 110 million payment card numbers and the personal information of over 70 million shoppers. However, Target’s confident customers’ accounts haven’t been compromised because the information was encrypted.

Key highlights of the Target data breach:

  • A malware was installed in Targ ...
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