$$$- Up to $10000 - Target's 2013 Credit/Debit Card Breach

[Shwa Girl]

In 2013, Target was hacked in the USA. Some Canadian customers debit and credit cards were also affected. Early announcement this week, Target will compensate affected customers up to $10,000 when sufficient proof has been provided.

For those whose information was part of the breach, a claim can be filed for up to $10,000. Victims must have proof of things; like late payment fees, higher interest rates, unauthorized charges and even lost time dealing with the issue.
The settlement would also require Minneapolis-based Target to appoint a chief information security officer, keep a written information security program and offer security training to its workers.
Legal analysts say this is a small settlement for a retailer as large as Target. But Colombia Law Professor John Coffee says this is likely the first of many.
“So, we’re dealing with an area of uncharted legal standards. But, once you get one settlement you get a lot more litigation that it encourages. So I think that this is going to become a regular, constant area of litigation because these kind of hacker attacks are not going away,” said Coffee.
Coffee says this will likely have executive boards of every major company putting cyber security as top priority.
Target’s data breach in 2013 exposed details of as many as 40-million credit and debit card accounts and hurt its holiday sales that year.
The company offered free credit monitoring for affected customers and overhauled its security systems.
Claims will mostly be submitted and processed online through a dedicated website. So far, there is no word on what that website will be.

[Ciel]

Target HQ let go about 1700 staff. Hope the board of directors moves on the CIO and claim website ASAP. Must be kind of embarrassing to have this 2013 matter still unresolved.

[Shwa Girl]

Target HQ let go about 1700 staff. Hope the board of directors moves on the CIO and claim website ASAP. Must be kind of embarrassing to have this 2013 matter still unresolved.

Yes.
Home Depot had a credit card breach and they worked on it soon after that. In the US and in Canada. Some people got e-mail notifications from Home Depot.

[CrazyQT]

Yes.
Home Depot had a credit card breach and they worked on it soon after that. In the US and in Canada. Some people got e-mail notifications from Home Depot.

Home Depot notified my husband. He has free credit monitoring for 1 year because of it. Thankful that his debit card was left unscathed.

[Shwa Girl]

Home Depot notified my husband. He has free credit monitoring for 1 year because of it. Thankful that his debit card was left unscathed.

That's good news.

[zeeshan002]

Target’s data breach in 2013 exposed details of as many as 40-million credit and debit card accounts and hurt its holiday sales that year.