Target settles data breach lawsuit with banks for $39 million
Nearly two years after Target’s massive data breach leaked customer payment info, the retailer has reached a settlement with financial institutions. The company agreed to pay $39 million to the likes of MasterCard and banks who filed claims stemming from the 2013 incident. More specifically, Target will pay $20 million to the settlement class and $19 million to MasterCard to fund its Account Data Compromise program that ties into the hack. These figures are in addition to the $10 million settlement that the retail company already agreed to with lawyers for individual victims and its $67 million settlement with Visa.
AIVAnet 