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Target breach fallout remains unresolved

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May 28, 2015

Recently, it was announced that a $19 million settlement between Target and MasterCard was terminated. Banks and credit unions claim the amount was insufficient to cover their expenses related to the highly publicized breach Target suffered during the 2013 holiday season.

This is bad news for Target, which is looking to close the book on the incident and quantify, in not limit, the continuing fallout. Late last year, an article by NAID CEO Bob Johnson in the monthly journal of the International Association of IT Asset Managers (IAITAM) explained how the Target data breach, as well as other high-profile breaches, had the potential to dramatically change how such incidents affect the bottom line and investors.

Both Target and Home Depot continue to experience the fallout from data breaches, which confirms Johnson’s thesis that such incidents now have long-term, unacceptable consequences, and that, as a result, data protection warrants the appropriate priority and budget.

Click here to read about the Target settlement breakdown.

Click here to read Johnson’s IAITAM article.