The Secret Service on Monday urged U.S. lawmakers to do more to prevent the types of cyber thefts of consumer information that recently have hit Target Corp and other major retailers. "Legislative action could help to improve the nation's cybersecurity, reduce regulatory costs on U.S. companies, and strengthen law enforcement's ability to conduct effective investigations," said William Noonan, a top agent with the Secret Service's cyber operations branch. Noonan testified at a Senate Banking subcommittee hearing on safeguarding consumer financial data, the first of a series of panels scheduled this week in response to the Target breach and other incidents. Target, the No. 3 U.S. retailer, was hit by a massive cyber theft over the holiday shopping period.
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