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Target’s Data Breach: $18.5 Million Settlement Reached

Author: Mary Lou Lang / Source: The Daily Caller

Target Corporation agreed to an $18.5 million settlement in a multistate investigation into a data breach that affected more than 41 million customers’ payment card accounts and another 60 million customers’ contact information in 2013.

The investigation found that cyber attackers accessed Target’s gateway server through credentials stolen from a third-party vendor. The credentials were then used to exploit weaknesses in Target’s system, which allowed cyber attackers to access a customer service database and install malware and capture customer’s personal and banking information, according to Texas Attorney General Ken Paxton’s office.

Paxton announced the settlement on Tuesday, which…

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