2014-01-14T003118Z_4_CBREA0C1LN000_RTROPTP_2_TARGET-BREACH

House Democrats request probe into Target card breach

The sign outside the Target store in ArvadaBy Mark Hosenball and Alina Selyukh WASHINGTON (Reuters) – Democratic lawmakers called on Monday for a congressional inquiry into the hacking of credit and debit card data of tens of millions of customers of No. 3 U.S. retailer Target Corp during the holiday shopping season. Target has said a breach of its networks resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information. In a letter to Jeb Hensarling, the committee’s Republican chairman, 17 committee Democrats, led by ranking member Maxine Waters, asked for a “full Financial Services Committee hearing.” The letter said a hearing should review current consumer protection laws and determine what could be done to ensure the future security of consumers’ card information. Hensarling said in a statement on Monday night that “Americans have a right to expect that the personal information they turn over to private companies and government agencies will be protected and kept secure from loss, unauthorized access or misuse.” “The House Financial Services Committee has held, and will continue to hold, hearings on the security of information collected by these agencies and financial institutions and will continue to press for accountability of all those who collect personal consumer data,” Hensarling added.

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