Visa and Target settle data breach class action

Posted on: August 18th, 2015 by Steve Larson

Data SecurityVisa Inc. announced it reached an agreement with Target Corp. to reimburse credit card issuers up to $67 million for costs related to the massive data breach the retailer disclosed in 2013.  This settlement more than tripled the value of a previous settlement that failed to gain enough support from the banks involved.