Target settles credit card data breach case for $18.5 million
$18.5 million settlement with Target in response to allegations that more than 40 million customers had their payment card information compromised during the 2013 holiday season, after the retailer failed to provide reasonable data security. California will receive more than $1.4 million – the largest share of any state – from the settlement, which also requires Target to:
- Adopt advanced measures to secure customer information
- Employ an executive to oversee a comprehensive information security program
- Encrypt or otherwise protect payment card information to make it useless if stolen
- Integrate business practices recommended in the Attorney General’s Data Breach Reports previously published by the California Department of Justice
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