Sen. Menendez: I Want the Federal Gov’t Investigating the Target Security Breach

‘We need to send a message to the marketplace that you can’t go cheap on security’

"Well this is why I've asked the Federal Trade Commission, number one, to tell us what specifically their investigation has revealed so far as it relates to Target. And, two, do they need greater legal authority than they have today to establish a high standard, not just for Target but for the entire retail industry, for the online industry as well, to ensure that they are applying the highest security standards that are available in the marketplace to protect the identity of consumers? And so we'll see, because in 2006 when the Federal Trade Commission pursued action against the parent company of T.J. Maxx and Marshalls in another major data breach, there were no fines and penalties levied. And I want to know whether or not they have the power to do so, and if they don't I’ll pursue legislation to give them that because I think we need to send a message to the marketplace that you can't go cheap on security when in fact there are millions of Americans whose identity theft ultimately means real consequences in their lives.”

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