Retailer Sues Visa Over $13 Million ‘Fine’ after Failing PCI Compliance Standards

Genesco, a sports apparel retailer,  is fighting back against the arbitrary multi-million-dollar penalties that credit card companies impose on banks and merchants for data breaches by filing a first-of-its-kind $13 million lawsuit against Visa. While specifics are not fully public, the company maintains that it found packet-sniffing software on its network but never uncovered forensic evidence that the hackers actually stole any card data.


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