Judges Pave Way for Banks in US to Sue Target over 2013 Data Breach

I read with interest that news in Finextra and elsewhere that the banks have been given the go-ahead to sue Target for $30m for the reissue costs associated with the data compromise in 2013. This puzzles me, as I then want to know how the figure of $1200 per card is calculated.

The cost of re-issue will be less than a tenth of that per card. How they can justify that size of loss based upon a reissue alone is not conceivable.

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