By Danny Yadron
Two banks have dropped their lawsuit against Target Corp. and
its security assessor, Trustwave Holdings Inc., following the theft
of 40 million credit- and debit-card numbers from the retailer last
year, according to court documents.
Trustmark National Bank and Green Bank N.A. offered no reason
for the about-face in filings, and their lawyers didn't return
requests for comment.
The suit, filed last week, drew attention in cybersecurity
circles because it named Trustwave, a private Chicago firm that
does many payment-card security audits in the U.S.
Two months before the breach, Trustwave told Target it complied
with standards set by the payment-card industry. In their
complaint, the banks also said Trustwave monitored Target's network
for intrusions--making the company particularly liable in the
suit.
Trustwave, which declined to comment Tuesday, denied in a
statement Saturday that it had monitored Target's network or
processed cardholder data for Target.
Write to Danny Yadron at danny.yadron@wsj.com