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Target to pay out $18.5M to states in breach settlement

Posted by Michael Reedy on May 25, 2017
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“The $18.5 million settlement that Target reached after the ‘data breach heard around the world' is a drop in the bucket compared to the incalculable reputational damage from such a high-profile cyber attack that's been in headlines for half a decade and counting," Fred Kneip, CEO at CyberGRX, told SC Media on Wednesday. "Beyond the headline, companies should take heed of what the settlement requires of Target, which includes the need for an independent security assessment. This should be required of every company and all of their contractors, suppliers, vendors and customers. The risk exposure of all third parties with access to your network must be measured, monitored and viewed as part of your extended ecosystem of responsibility.”

 

Greg Masters, SC MEDIA,Target to pay out $18.5M to states in breach settlement

Topics: Newswire

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