December 23rd, 2013
09:10 PM ET

Target faces lawsuits over data breach

Target is now facing at least three class-action lawsuits, after hackers stole credit and debt card numbers from 40 million customers.

Target: 40 million credit cards compromised

Target tried to appease shoppers by offering a 10% discount over the weekend, but many customers weren't buying it.

Target offers 10% discount after credit card hack

And adding to Target's troubles, J.P. Morgan Chase put a cap on cash withdrawals for customers who recently shopped at Target - all of which could make for a rough holiday season for the retail giant.

Larry Glazer is managing partner and  co-founder of Mayflower Advisors.

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