Target and Visa reach $67M settlement

Robinson+Cole Data Privacy + Security Insider
Contact

Visa, Inc. announced on August 18th that it has reached a settlement with Target for $67 million to reimburse Visa for costs associated with the Target data breach in late 2013, including issuing millions of new cards to affected consumers.

Target was unable to reach a similar proposed settlement with MasterCard (view related posts Proposed Settlement and Settlement Rejected) several months ago as MasterCard did not receive enough support from banks and credit unions.

[View source.]

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Robinson+Cole Data Privacy + Security Insider

Written by:

Robinson+Cole Data Privacy + Security Insider
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Robinson+Cole Data Privacy + Security Insider on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide