back to article Target tosses US$10 million at victims of breach

US retailer target has reportedly agreed to settle lawsuits regarding its 2013 data breach for US$10 million, or up to $10,000 per litigant. Target was popped in late 2013, when it leaked up to 40 million customer records. The company's since caught a sueball from banks, shed its CEO and burned through $148 million, among …

  1. Mark 85 Silver badge
    WTF?

    Impressive...

    Not. That means that only the first 1000 individuals (assuming they get awarded the "up to" amount will get paid for their troubles? Or if all 40 million were file a claim, they would each get a nice shiny 25-cent piece? Crikey.

    The sad/stupid thing is that if you shop at Target, they're pitching the Red Card at you... every frikkin' time.

    1. Anonymous Coward
      Anonymous Coward

      Re: Impressive...

      I agree with your sentiments, but what percentage of claimants would spend part, or all, of that payout money at Target?

  2. thomas k.

    ... claims to be lodged online

    At a (hopefully) secured site hosted by an independent, disinterested third party.

  3. Anonymous Coward
    Anonymous Coward

    Don't hold your breath...

    ...as few if anyone will actually receive $10K - except for the lawyers who will be paid millions, as is the case in all class action lawsuits in the U.S.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2022