Banks Have Replaced 15.3 Million Cards Since Target Breach

U.S. banks have spent more than $153 million so far replacing 15.3 million debit and credit cards after the huge data heist from Target Corp., and the numbers are only growing. The Consumer Bankers Association announced the numbers Tuesday, saying that as more retailers announce breaches, the price tag for banks could grow to “hundreds of millions of dollars, and possibly billions.” It’s time for Target to step up to the plate and pay some of the costs for one of the largest data thefts recorded in the United States, the industry group said.