Credit Cards

Post-Target breach ripples may cost $200 million


Costs associated with the holiday breach of Target's credit security have escalated for banks and credit unions, and now top $200 million, The Wall Street Journal reports.

Shopper uses a credit card machine at Target
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(Read more: Customers paying theprice after Target breach)

The Consumer Bankers Association now estimates it will cost its members $172 million to replace credit and debit cards. The retail banking trade group had previously estimated the costs at $153 million.

The Credit Union Association has upped its estimate of the costs for credit unions to $30.6 million from $25 million, the newspaper reports.

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