Submission + - Banks Tell Merchants To Pay Up Post Breaches (pymnts.com)
Industry bodies that represent banks are urging lawmakers to introduce legislation during the new session of Congress next year that would make retailers pay for cleanup costs themselves.
Banks have complained – particularly in the string of breaches that have started with Target and most recently capped off with Target’s successor as the “biggest breach in history” Home Depot – that their institutions are picking up tab for breaches caused by lapses in merchant security protocols.