Indiana Shares in $18.5M Target Settlement
Indiana will receive more than $600,000 as part of an $18.5 million settlement with Target Corp. (NYSE: TGT). The case, which involves 46 other states and the District of Columbia, stems from an investigation into the retailer's 2013 data breach.
The breach affected more than 41 million customer payment card accounts and exposed information of more than 60 million customers. The attackers used malware to obtain information including names, telephone numbers, credit card numbers, and personal identification numbers.
In addition to the $18.5 million settlement, Target is required to develop and implement a comprehensive information security program. As part of the effort, the retailer must strengthen the security of its network through measures including password rotation policies and two-factor authentication.
Indiana Attorney General Curtis Hill says his office can use Indiana's $623,097 share at is discretion, but some of that funding could go into the state's Consumer Protection Division fund.