Case of the Week: Target Settles Last of US Data Breach Claims with $18.5 Million Settlement May 26, 2017
Our firm has written extensively on the importance of corporate cyber security and the potential risks of a data breach. We thought you might find the following recent case interesting. See link below for the full article regarding the suit and subsequent settlement from Counsel Financial.
Target Settles Last of US Data Breach Claims with $18.5 Million Settlement
On May 23, 2017, Target Corp. agreed to an $18.5 million settlement with 47 states and the District of Columbia, which resolves state investigations into a detrimental 2013 data breach. The settlement was the largest in history regarding multi-state data breaches. The $18.5 million will be divided between states based largely on each state’s population size. The terms of the settlement will require Target to take advanced measures to secure their customers’ information, hire an executive to specifically oversee an information security program and hire an outside investigator to conduct an assessment of their new security practices.
Elizabeth DiNardo, Esq., Associate Counsel, Counsel Financial 05/26/2017
Read Full Article: Counsel Financial