Penalty Amount
$18,500,000
Consumers Affected
41,000,000
Target Corp. agreed to pay $18.5 million to resolve a multi-state investigation into the November 2013 data breach that compromised payment card information of over 41 million shoppers. The settlement requires Target to implement comprehensive cybersecurity reforms, including a dedicated Information Security Program, encryption, network segmentation, and third-party assessments.
Target must pay $18.5 million, establish an Information Security Program led by a dedicated officer, encrypt consumer payment card data, segment its cardholder data environment, ensure vendor compliance with security standards, adopt chip-and-PIN technology, implement password rotation and two-factor authentication, and undergo a third-party Information Security Assessment with reports available to states.
Entity
Target Corp.
Also known as: Target
Industry
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