Bankers Seek to Remind Congress Who Provides Relief in Case of Target-like Security Breach

ABA letter to congress points out that when a retailer like Target speaks of its customers having “zero liability” from fraudulent transactions, it is because our nation’s banks are providing that relief, not the retailer that suffered the breach, and that policymakers should be cautious not to embrace any “one” solution that’s being pushed by some as the answer to all concerns. [1/17]