Target Reaches Settlement to Pay Customers Who Suffered Loss in 2013 Data Breach
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Photo by Scott Olson/Getty Images(NEW YORK) — Target reached a settlement to pay up to $10,000 to any customer who can document a loss caused by the 2013 data breach at Target stores.
The settlement was approved at a Thursday-morning hearing at a federal court in St. Paul, Minnesota. On Wednesday night, a Target spokesperson told ABC News that the company was “pleased to see the process moving forward and look forward to its resolution.”
The Washington Post reports that individual shoppers will have to prove they endured losses from the breach. While up to 70 million had personal information such as addresses and phone numbers stolen, it was not immediately clear how many had suffered financial loss as a result.
Target also said it would implement a training program to ensure employees know the proper security practices and periodically review safeguards.
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