The Traderszone Network

Published in TZ Latest News 2 December, 2015 by The TZ Newswire Staff

Target in $39.4 million settlement with banks over data breach

The settlement filed on Wednesday resolves class-action claims by lenders seeking to hold Target responsible for their costs to reimburse fraudulent charges and issue new credit and debit cards. Target previously said at least 40 million credit cards were compromised in the breach, and that as many as 110 million people may have suffered the theft of personal information such as email addresses and phone numbers. A Target spokeswoman said on Wednesday that 70 million people may have lost personal data.