Did Target fiddle while its security breach burned?

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.

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