Target Data Breach: What Has It Cost? What Has Insurance Covered?

Target, in a recent document filed with the Securities and Exchange Commission, provided updated information on the financial impact of its 2013 data breach:

  • It now estimates paying $264 million in breach-related costs, ranging from litigation claims to the expenses it experienced for fixing systems and sending out information at the time of the attack (previous estimate were $252 million)
  • About $90 million has been covered by ­Target’s insurers

Source: Target: SEC won’t penalize it over 2013 data breach – StarTribune.com

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