NEW YORK - New York's attorney general is announcing that 47 states and the District of Columbia have reached a settlement with Target Corp. to resolve the states' probe into the discounter's massive pre-Christmas data breach in 2013.
Attorney General Eric T. Schneiderman's office says the $18.5 million agreement announced Tuesday is the largest multistate data breach settlement to date.
Target's breach, which occurred between Nov. 27 and Dec. 15 of 2013, affected more than 41 million customer payment card accounts and exposed contact information for more than 60 million customers. The breach forced Target to overhaul its security system and the company offered free credit reports for potentially affected shoppers.
"We’ve been working closely with State Attorneys General for several years to address claims related to Target’s 2013 data breach," said Target spokesperson Jenna Reck in a statement to KARE 11. "We’re pleased to bring this issue to a resolution for everyone involved. The costs associated with this settlement are already reflected in the data breach liability reserves that Target has previously recognized and disclosed."