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December 4, 2015

Target And Home Depot Agree To Settle Claims From Data Breaches

Target Corp. and Home Depot Inc. have both agreed to settle claims for losses caused by data breaches that compromised customers’ personal information.

Target agreed to pay $34.9 million to end claims by credit unions and banks that lost funds on account of Target’s 2013 data breach, according to Reuters. A settlement filed on Wednesday resolves lenders’ claims to hold the retailer responsible for the cost of reimbursing fraudulent charges and issuing new payment cards.

Target reported that at least 40 million credit cards were at risk on account of the breach and that as many as 110 million people could have lost personal data like phone numbers and email addresses. On [...]

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