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Lawsuits Filed Against Target Following Breach

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At least five lawsuits have been filed against Target in the wake of a massive security breach. The new lawsuits allege the retailer should have done more to prevent thieves from stealing millions of customers' data.

Target is now the target of lawsuits from customers, after the retail giant revealed criminals hacked credit card and debit card information from 40 million Target shoppers.

Customers affected by the security breach - have filed class action lawsuits - and at least one  is seeking millions of dollars in damages.

Target has been trying to control the damage to its sales - offering 10 percent discounts to all customers over the weekend and free credit monitoring services to affected customers. But there may be more problems.

A post of the security blog that first reported the breach claims many of those stolen cards have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card.

Industry experts say it's important to remember, customers whose information was hacked won't be held financially liable.

Jason Oxman, Electronics Transaction Association says, "Their accounts will be replaced, they won't have any responsibility for fraudulent charges on their accounts."

Some Target shoppers are now paying cash.

Beatrice Kerwin, Target Shopper says, "With the whole scandal, I didn't want to use my debit card. It's scary to lose your information out there."

But some shoppers are staying away all together. By some estimates Target may have suffered 4 percent drop in sales transactions this weekend compared to this time last year.

Banks are also being cautious. 2 million Chase Customers who shopped at Target during the 3 week long breach are now only able to withdraw 100 dollars a day and can't put more than $300 dollars on their credit cards for any transaction.