In what appears to be the closing act of the saga that is the Target data breach, on May 23 the retailer announced it had reached a settlement agreement with a coalition of 47 states’ attorneys general. Pursuant to the settlement, Target will pay $18.5 million to the states in rough proportion to their population (California will receive the largest distribution, with $1.4 million). The settlement represents the largest multi-state data breach settlement to date, although, unfortunately, it is almost certainly only a matter of time before it is eclipsed.
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