Target Hack to cost likely around $350 million

Posted on Updated on

The data hack of Target commercial chain has costed the the company $148 million as per Traget sources.

The expenses – offset by a $38 million insurance payout – are owed to what it expects to pay in potential breach claims, but those expenses could go higher, the company admitted.

Its coming second-quarter results will include $148 million in expenses related to the breach. It will get back $38 million of that via an insurance payout, but it’s still enough to be a drag on results. It means to total costs of the hack across all the parties involved is likely over $350 million.

Forty million credit and debit cards were compromised in the breach, along with the personal data of 70 million shoppers.

target

Information security course

hacking etico

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s