Showing posts with label working with law enforcement after breach. Show all posts
Showing posts with label working with law enforcement after breach. Show all posts

Thursday, May 25, 2017

Target to Pay $18.5M to States Over Data Breach; Inside Counsel, May 24, 2017

P.J. D'Annunuzio, Inside Counsel; 

Target to Pay $18.5M to States Over Data Breach


"Deterrence was a major theme brought up by many of the attorneys general who released statements about the agreement.

The $18.5 million settlement with the states, coupled with the $10 million consumer class action settlement approved last week, may seem like a drop in the bucket for a retail juggernaut like Target, but according to Lambiras, the deterrent effect lies in the residual legal and public relations costs companies incur following a data breach.

In a statement Tuesday, Connecticut Attorney General George Jepsen said the settlement should serve as a wake-up call to companies to tighten their data security. He also gave kudos to Target for working with authorities after the breach."