Menendez Calls For Investigation Of Target Breach
JERSEY CITY, N.J. (CBSNewYork/AP) - U.S. Sen. Robert Menendez is laying out efforts to protect consumers' personal information.
Speaking at a Target store Thursday in Jersey City, Menendez said consumers should be better protected and retailers who fail to safeguard information should be held accountable.
'If in fact you have a company, whether it be Target or any other, that is not making the investment in their security process to ensure that what happened to Target doesn't happen, then you have to question why a company would not do that.,' he said.
Target announced this month that personal information was taken from nearly 40 million customers who used credit and debit cards at the store in one of the largest data breaches of its kind.
Menendez said he is also investigating whether the Federal Trade Commission has the authority to impose a fine for such a data breach. If it doesn't, he promises to introduce legislation to give the FTC that authority.
He said he has also sent a letter to the FTC asking for recommendations on further legislation to protect consumers.
Menendez is a member of the Senate banking committee.
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