Credit unions have lost upwards of $30 million dollars due to the Target data breach and the price tag will likely rise, says the Credit Union National Association. The figure comes from an ongoing survey of its members launched shortly after the retail giant announced that a hacker exploit compromised customer credit and debit cards.
The CUNA survey asked credit unions affected by the Target data breach to outline the costs they have incurred as a result. The breach resulted in the theft of 40 million debit and credit cards, and encrypted PIN data, and the names, mail and email addresses, and phone numbers of up to 70 million individuals.
