BizTech Law Blog

If You Think Consequences from a Cyber Data Breach Aren’t Real…Just Ask Target

Cyber attacks can be costly. Target recently reached a settlement with 47 states to pay $18.5 million, the largest multistate data breach settlement to date. In November 2013, Target's systems were infiltrated and 40 million customers' payment card information was stolen as was the personal information of 60 million customers. In addition to the settlement, Target paid for free credit monitoring services for consumers affected by the breach as part of a $10 million class-action lawsuit settlement. 

Cybersecurity should not be taken lightly. Attorneys at Foster Swift help businesses plan for an attack. Having the correct policies and procedures in place can reduce the cost of a data breach.

Learn more about the Target breach here.

Categories: Cybersecurity, News