A US federal judge certified a class action yesterday against Target, the victim of a 2013 cyber breach. The class action was brought by several banks to seek damages related to the loss of customer data held by Target. The decision is notable because it could expose Target to larger damages claims. Last month, Target reached a $67 million settlement to issuers of Visa credit cards for costs relating to the same breach.
This is one of a number of recent important US court decisions stemming from cybersecurity breaches which make bringing such suits easier. We expect hacking relating lawsuits – particularly class actions -- to increase in the US in the wake of these recent decisions.