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Cost of Target Data Breach: $148 Million Plus Loss of Trust

Posted on August 21, 2014 by Dissent

Jennifer LeClaire reports:

The now infamous Target data Relevant Products/Services breach is still costing the company — and its shareholders — plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million. The company also lowered its full-year earnings forecast in the wake of the breach and its stock took a hit.

Read more on CIO Today.


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Category: Business SectorHackID TheftU.S.

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