The settlement won't necessarily make financial institutions affected by the breach whole, sources say.
Customer payment card information may have been at risk from malware inserted March 6 to April 17.
Catch up on the latest news regarding the Target data breach and progress toward holding merchants accountable.
Judge says consumer suit can proceed because victims suffered actual losses.
In a much-anticipated court ruling, a Minnesota federal judge said Dec. 2 that Target Corp. had a duty to protect debit and credit card information from cyberthieves.
Three of four allegations in a class action suit filed by financial institutions against Target can proceed.
Risk-based capital, interest rate risk and cybersecurity will be hot topics at CUNA's San Francisco conference.
Bank, credit union and individual plaintiffs may all see their cases consolidated and moved to Minnesota, where Target is headquartered.
New information shows that the threat was identified, but was not considered large enough to warrant immediate response,
Online retailers are drawing a $279 loss for every $100 of fraud loss, partially attributed to chargebacks and their associated costs.