We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Target To Pay Visa Issuers Up To $67M Over Data Breach

Law360, New York (August 18, 2015, 1:23 PM EDT) -- Visa Inc. and Target Corp. 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.

Target said that the agreement is conditioned on a subset of card issuers, representing the majority of the Visa cards that Visa determined were at risk from the breach, having entered into direct settlements with the companies.

On Monday, Visa told Target that the required subset had...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.