On Air Now

Listen

Listen Live Now » 94.1 FM Jackson, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
33° Feels Like: 25°
Wind: ENE 10 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 56°

Tonight

Mostly Cloudy 38°

Tomorrow

Mostly Cloudy 60°

Alerts

U.S. Senate subcommittee sets hearing on consumer data security

Computer keyboard - File photo
Computer keyboard - File photo

WASHINGTON (Reuters) - The U.S. Senate banking panel has scheduled a subcommittee hearing for next week on safeguarding consumers' financial information following the theft of data at retailers such as Target Corp and Neiman Marcus, the committee said on Monday.

Witnesses at the subcommittee on national security and international trade and finance hearing next Monday will include officials from the U.S. Secret Service, the Federal Trade Commission's Bureau of Consumer Protection, the American Bankers Association and National Retail Federation, the committee said in a statement.

A data breach over the holiday shopping season at Target, the third-largest U.S. retailer, resulted in the theft of about 40 million credit and debit card records and 70 million other records with customer information such as addresses and telephone numbers.

Luxury retailer Neiman Marcus has also disclosed a data breach that compromised data from about 1.1 million cards. Michaels Stores Inc, the biggest U.S. arts and crafts retailer, said it was investigating a possible security breach on its payment card network.

The incidents have raised the stakes for data security discussions in Congress and have caused banks and retailers to argue about whose job it is to protect consumers from cyber attacks.

On Monday, the U.S. Consumer Financial Protection Bureau urged shoppers to monitor their accounts for unauthorized charges and alert their banks or card providers immediately if they suspect fraud.

(Reporting by Peter Cooney; Editing by Eric Walsh)

Comments