The recent data breach at Target highlighted the risks consumers face when using their credit and debit cards to make purchases. Data breaches at retail stores can wreak havoc on a consumer's finances if their credit or debit cards are stolen by hackers.
When a data breach occurs at a retail store, which company is liable for reimbursing consumers harmed by the breach? Banks and credit card companies are typically held responsible for reimbursing consumers and paying back the damages from these breaches. However, a new bill in California could soon change this.