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Target: SEC won’t penalize it over 2013 data breach

Posted on August 25, 2015 by Dissent

Evan Ramstad reports:

The Securities and Exchange Commission decided not to penalize Target Corp. for the 2013 cyberattack that led to the exposure of data for millions of the retailer’s customers, the company said Tuesday.

The agency was one of several governmental entities to investigate the company in the wake of the attack, one of the largest against a U.S. company.

In its quarterly results document, filed with the SEC and published by the agency on the Internet for investors to see, Target said the investigation ended during the May-to-July period. It said the SEC “does not intend to recommend an enforcement action against us.”

Read more on Star Tribune.


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