Davis Polk Discusses Target’s Cyber Breach Settlement

On May 23, Target Corp. reached a record $18.5 million settlement with 47 states and the District of Columbia to end investigations into Target’s data breach in 2013.  The settlement highlights the growing list of specific measures that companies are expected to have in place to mitigate the risk of cyber breaches.

In 2015, Target reached a class action settlement with consumers that required the company to implement certain measures to protect customer information. In re Target Corporation Customer Data Security Breach Litigation No. 14-2522 (D. Minn. Mar. 18, 2015).  Comparing the measures that were required in the 2015 settlement … Read more