It's effectively impossible for any security system to be 100%, there will always be additional paths through a system. So, as long as Target implemented industry standard security, I don't think it's necessarily fair to blame them for this hack.
What they are responsible for, now, however, is trying to ensure as painless recovery as possible for those affected. Not morally responsible, but, just business-savvy responsible. They should make best efforts to inform as many people as possible, and perhaps provide some form of compensation - maybe a gift card for all those who got hit.
Anybody who shopped at Target since Black Friday should look at getting their cards cancelled immediately, even if they don't notice anything suspect yet. I don't know if it's possible, but if Target have the data, they could be able to contact the major banks and credit card companies and get a vast majority of the cards auto-blocked.
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