- Target (TGT +0.6%) is taking a little bit of heat for the length of time it took to report on a major security breach of credit and debit account data.
- In the past, some companies have heard from state AGs over the issue as data breach notices are now part of the law in 46 states.
- The catch is that most of the laws aren't very specific, but only say notice to consumers must be made in a "reasonable" amount of time. Defining reasonable is tricky.
- Shares of Target are on the mend today with more retail watchers noting high-profile breaches at other firms such as TJX Companies and Barnes & Noble were outlived.
Did Target fiddle while its security breach burned?
Dec 20 2013, 13:17 ET