Target Proposes $10 Million Data Breach Settlement

Target Corp. has proposed a $10 million settlement of a class-action lawsuit related to its 2013 data breach, according to documents filed March 18 in the U.S. District Court of Minnesota.

Under Target’s proposal, the $10 million settlement fund will provide payments to Target customers whose credit/debit card information or personal information was stolen as a result of the data breach, which was first disclosed on December 19, 2013.

Plaintiffs who have documentation can receive reimbursement of losses up to $10,000. Plaintiffs without documentation may be eligible for an equal share of the settlement fund remaining after payment of claims for documented losses and service payments.

The settlement agreement is subject to court approval.

Target said the breach affected a minimum of 70 million customers.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.