State receives $469K in Target data breach settlement

Pennsylvania is among 46 states receiving a piece of an $18.5 million settlement with Target Corp.

The states filed lawsuits against the retail giant after a 2013 data breach at the company gave hackers access to more than 100 million pieces of customer information. The breach compromised about 1.6 million transactions at Target stores in Pennsylvania.

The settlement grants the Keystone State $469,000, which will go to the Pennsylvania Treasury, according to a news release from the Pennsylvania Office of Attorney General. That amount is separate from the $10 million Target is paying out as restitution to an estimated 225,000 customers nationwide.

Target must also beef up its cybersecurity as a term of the settlement through steps like hiring a third-party consultant to assess its processes and segmenting customer credit card information from the rest of its computer network.

“The long-term value of this settlement is the reform effort Target must undertake to protect the personal financial data of Pennsylvania consumers and consumers across the country,” Pennsylvania Attorney General Josh Shapiro said in the release.

Jennifer Wentz
Jennifer Wentz covers Lancaster County, York County, financial services, taxation and legal services. Have a tip or question for her? Email her at jwentz@cpbj.com.

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