Friday, April 17, 2015

$19M Settlement in Target Privacy Breach Lawsuit

Target has settled lawsuits with banks and credit unions issuing MasterCards that were affected by a 2013 data breach that compromised 40 million debit and credit cards.

Target is setting aside $19 million for the financial services institutions for operating costs and fraud-related losses on cards impacted by the data privacy breach.

"[the breach] rattled shoppers who stayed away from the retailer as they were nervous about the security of their private data."
- ABC News
The breach which occurred during the holiday season rattled customers about the security of their private data. Target and has overhauled its security and technology operations as a result of the massive breach.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by authorized users - with no hardware and no on-site software.
Sources:
(a) Target Settles Data Breach Lawsuit With MasterCard for $19M - www.ABCnews.com, 04/16/2015

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