The mid-March settlement by Target, of the numerous data breach class actions filed against the retailer, following disclosure of millions of its customers’ debit and credit card numbers, will cost the company about $25 million.
I had the privilege of publishing an Op-ed concerning the settlement in Minneapolis’s Star Tribune. Target is headquartered in Minneapolis so it was neat to share my views with so many directly involved in the litigation. The problem with the Target settlement is not that it achieved no benefit. It did. But these benefits will come at a great disproportion to the costs.
Please check out the Op-ed here
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