House oversight panel seeks documents on Target breach

A House of Representatives committee with broad investigative jurisdiction has turned up the heat on Target Corp, demanding that the No. 3 U.S. retailer turn over internal documents and messages describing how and when it learned of a recent massive consumer data breach. In a letter made available on Tuesday to Reuters, the House Committee on Oversight and Government Reform requested that Target turn over all documents or communications generated between November 1 and December 13, in which Target employees or "agents" discuss "any suspicion" that a data breach had occurred. The committee set a deadline of March 10 for Target to turn over the materials. Several analysts expect Target to slash its share buybacks as it copes with costs tied to the breach, which some estimate will cost the company $500 million to $1.1 billion.

via Business News - Yahoo Finance http://ift.tt/1kcLWMr