Target Sets High Bar For Data Breach Deals In Visa Pact

Law360, New York (August 18, 2015, 11:24 PM EDT) -- The agreement reached Tuesday by Target Corp. and Visa Inc. to reimburse card issuers for as much as $67 million for costs stemming from the retailer's 2013 cyberbreach is the largest single settlement of a data security litigation to date and could set a precedent for future deals, attorneys said.

Visa and Target  said Tuesday they have reached an agreement that could reportedly be worth as much as $67 million to reimburse card issuers for costs of the historic data breach that hit the retailer in 2013. (Credit: AP) The $67 million deal to repay Visa card issuers dwarfs the ill-fated $19...

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