Judge OKs $10 million settlement in Target data breach

Steve Karnowski and Michelle Chapman of AP report:

A Minnesota judge has endorsed a settlement in which Target Corp. will pay $10 million to settle a class-action lawsuit over a massive data breach in 2013.

U.S. District Judge Paul Magnuson said at a hearing Thursday in St. Paul, Minnesota, that he would grant preliminary approval of the settlement in a written order later in the day. The move will allow people to begin filing claims ahead of another hearing for final approval.

[…]

The settlement would also require Minneapolis-based Target Corp. to appoint a chief information security officer, keep a written information security program and offer security training to its workers. It would be required to maintain a process to monitor for data security events and respond to such events deemed to present a threat.

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