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Consumer Affairs & Relations

  • Report: Target data breach costs banks more than $200 million

    New York -- The costs related to Target's  data breach have now exceeded $200 million for financial institutions, according to  the Consumer Bankers Association and the Credit Union National Association, the Associated Press reported. The $200 million figure does not include the cost of any a fraudulent activity, which would push the cost of the breach to the industry higher as consumers are not held liable.

    The two trade associations said that 21.8 million of the 40 million compromised credit and debit cards have been replaced.

  • Report: Kickstarter.com user data breached

    New York – Social fundraising platform Kickstarter.com suffered a data breach that exposed personal data of some users to hackers. On a corporate blog post, Kickstarter CEO Yancey Strickler said that on Wednesday, Feb. 12, law enforcement notified the company that hackers had sought and gained unauthorized access to some of its customers' data.

  • RILA teams up with cyber-forensics group

    The Retail Industry Leaders Association (RILA) has entered into a partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to enhance cybersecurity information sharing and expand retailers’ proactive and vigilant approach to cyber threats to protect consumers against criminals.

  • RILA partners with National Cyber-Forensics and Training Alliance

    Washington, D.C. -- The Retail Industry Leaders Association (RILA) has entered into a partnership with the National Cyber-Forensics and Training Alliance (NCFTA) to enhance cyber security information sharing and expand retailers’ proactive and vigilant approach to cyber threats to protect consumers against criminals.

  • Report: Data breach hits Tesco

    Cheshunt, U.K. — Major British supermarket chain Tesco plc has reportedly been the victim of a data breach. According to CNBC, hackers have gained access to the personal data of more than 2,000 Tesco customers and posted it online.

  • Sobey’s to sell 30 Canadian stores for $391 million

    Stellarton, Canada — Sobey’s Inc. has entered binding purchase and sale agreements with Overwaitea Food Group and Federated Co-operatives Limited that will see Sobeys sell 22 of the 23 stores it is required to divest as part of its consent agreement with the Competition Bureau related to its purchase of Canada Safeway.

     In addition, Sobeys has signed a binding letter of intent with Federated for the sale of its Price Chopper location in Winnipeg, which the company is also required to divest as part of its October consent agreement.

  • The Container Store launches employee fund

    Dallas — The Container Store Group Inc. has launched its Employee First Fund, an employee assistance fund that will provide grants to employees experiencing unforeseen emergencies, a major medical situation, are suffering from a catastrophic event, or facing other challenges in life which they are not financially prepared to handle. The Container Store is contributing $100,000 to kick-off the fund, and after that, employees and other stakeholders have the opportunity to make donations.

  • Bad mojo: Kind sues Clif Bar for trademark infringement

    Kind filed a lawsuit against Clif Bar in federal court in Manhattan seeking to prevent Clif from releasing its Clif Mojo snack bars in packaging which Kind contends mimics its bars’ unique and distinctive packaging.

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