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."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.
- ABC News
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