CFO: Target’s recent series of data breaches inflicted a nasty bruise on its brand reputation, but the retailer’s pain would have been even worse had it been subject to civil penalties over the fiasco.
And that’s just what the Federal Trade Commission would have preferred. FTC deputy director Daniel Kaufman said at a conference today that the commission is hoping Congress will see fit to legislate monetary consequences for breached companies, according to a VentureBeat article.
