Target Reaches Settlement with Banks

Two years after the event the full cost of the Target breach is coming into sharper focus. In addition to a $900 million dollar revenue decline in the 4th quarter of 2013 (versus 2012), the loss of any possible revenue growth in the 2013 holiday season, legal costs, etc., Target will pay MasterCard, Visa, and financial institutions more than $100 million dollars, as this BankInfoSecurity blog post notes….

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