U.S. Senate subcommittee sets hearing on consumer data security

The U.S. Senate banking panel has scheduled a subcommittee hearing for next week on safeguarding consumers’ financial information following the theft of data at retailers such as Target Corp and Neiman Marcus, the committee said on Monday. Witnesses at the subcommittee on national security and international trade and finance hearing next Monday will include officials from the U.S. Secret Service, the Federal Trade Commission’s Bureau of Consumer Protection, the American Bankers Association and National Retail Federation, the committee said in a statement. A data breach over the holiday shopping season at Target, the third-largest U.S. retailer, resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information such as addresses and telephone numbers.

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