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Breaking News

Updated: Friday, March 27, 2015

Target data breach price tag $252 million and counting

Remediation and legal challenges continue at Target Corp., in the costly aftermath of a December 2013 data security breach that compromised 40 million customers’ credit and debit cardholder data, as well as an estimated 70 million consumer email and mailing addresses. Target, in a recent statement, estimated costs of the breach to exceed $252 million in fines and legal fees, with no clear end in sight.

The newest addition to a litany of filings was announced March 26, 2015, with preliminary approval of a $10 million dollar settlement in a class action suit filed by Target customers with awards of up to $10,000 per person.

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