Fox Business - The Power to Prosper
Search Site

Trustmark Corporation

Banks Drop Data-Breach Suit Against Target

Two banks have dropped their lawsuit against Target Corp. (NYSE:TGT) and its security assessor, Trustwave Holdings Inc., following the theft of 40 million credit- and debit-card numbers from the retailer last year, according to court documents.Trustmark National Bank and Green Bank N.A. offered no reason for the about-face in filings, and their lawyers didn't return requests for comment.The suit, filed last week, drew attention in cybersecurity circles because it named Trustwave, a private Chicago firm that does many payment-card security audits in the U.S.Two months before the breach, Trustwave told Target it complied with standards set by the payment-card industry. In their complaint, the banks also said Trustwave monitored Target's network for intrusions--making the company particularly liable in the suit.Trustwave, which declined to comment Tuesday, denied in a statement Saturday that it had monitored Target's network or processed cardholder data for Target....

Read More

  1. Report: Banks Sue Security Firm Over Target Breach

    Trustmark National Bank and Green Bank N.A. have sued security firm Trustwave for damages suffered from the holiday season data breach at Target Corp, accusing the c...

  2. Philippine Airlines to Take 49% Stake in New Cambodian Carrier

    Philippine Airlines Inc. is planning to take a 49% stake in a new Cambodian airline, according to San Miguel Corp. (SMC.PH), which shares control of the Philippine c...

  3. PAL Holdings' Major Holders to Sell Shares to Keep Firm Listed

    Two major shareholders of PAL Holdings Inc. (PAL.PH), the listed parent of Philippine Airlines Inc., are ready to sell some of their stocks to comply with the minimu...

  4. Philippine Airlines Expects $300 Million in Annual Savings From Fleet Redeployment

    Philippine Airlines Inc. expects to save around $300 million a year from its plan to use its new Boeing Co. (BA) 777 jets for long-haul routes while redeploying othe...

  5. San Miguel President: Investing $500 Million For Minority Stakes In Lucio Tan's Airlines

    San Miguel Corp. (SMC.PH) will shell out $500 million in exchange for minority stakes in Philippine Airlines Inc., or PAL, and budget carrier Air Philippines Corp., ...

  6. Cadence Financial Cans Trustmark Deal, Now Being Acquired by Community Bancorp

    Cadence Financial (NASDAQ:CADE) surged more than 18% Wednesday after the bank said it has terminated its previously announced agreement with Trustmark (NASDAQ:TRMK) ...

Freebase CC-BY
Source: Trustmark Corporation on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL