Financial Institutions Impacted by Merchant Data Breaches May Take Action
The law firm of Shub & Johns LLC is interested in speaking with banks, credit unions, and other financial institutions that issued payment cards that were compromised in a third-party data breach. When a merchant experiences a data security incident as a result of its failure to implement appropriate security measures, the banks that issued affected payment cards often have to cancel and then re-issue them – potentially for hundreds of thousands or millions of cards. Banks can incur significant expenses by having to do so. Banks can also incur out of pocket expenses when it reimburses customers for fraudulent transactions that are purportedly linked to the breach.
If you are a bank, financial institution or credit union that had to re-issue credit or debit cards following a data breach, please contact us by filling out the form below. S&J Partner Ben Johns has signific experience in data breach cases, including those brough on behalf of banks. Any work performed by S&J would be on a contingency basis, meaning there is no fee to you unless or until we obtain a recovery.