Franken: Target facing 'a lot of questions' in Senate Judiciary hearing
The following is a portion of a conversation between Fox 9's Leah Beno and U.S. Sen. Al Franken:
Feb. 4, Target Chief Financial Officer John Mulligan will testify before the U.S. Senate Judiciary Committee What would you like to hear from him?
I want to hear what they have to say about this breach. We've had a string of these breaches.
There's a couple things I'd like to find out about their technology. There's this thing called EMV technology which is a smart chip that almost every industrialized country uses. In this country we have about one-quarter of the credit and debit card transactions but we have one-half the fraud. We're the target of hackers from overseas because of that.
I've written a letter to all the major credit and debit card people and to big banks that put them out to ask how fast they can get this technology.
This is very disturbing to people who have had their information breached.
I am cosponsor of a piece of legislation...this is a bill that would make it easier to prosecute hackers and that would give companies certain things they have to do when they store your data.
There's kind of a patchwork across the country. There's 46 different state laws on what you need to do when there's a breach, and this would resolve that and make one federal law about what companies need to do when your data is breached.
With Target being the center of this, is part of the plan on Feb. 4 to hold them accountable?
There's going to be a hearing in the Judiciary Committee and I believe we're going to be asking them a lot of questions