Target Settles With 48 States Over Data Breach
New York, NY (Learfield Wire Services/TTWN Media Networks) - New York's attorney general says that 47 states and the District of Columbia have reached an $18.5 million dollar settlement with Minneapolis-based Target Corporation to resolve the states' probe into the retailer's massive data breach in 2013.
The breach occurred between November 27th and December 15th of 2013. It affected more than 41 million customer payment card accounts and exposed contact information for more than 60 million customers. The breach forced Target to overhaul its security system and the company offered free credit reports for potentially affected shoppers.
The settlement requires Target to maintain appropriate encryption policies and take additional security steps.