(Bloomberg) — Target Corp. agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.
Others victimized by cyber assaults include global companies such as JPMorgan Chase & Co., Home Depot Inc. and Sony Corp.
Lawsuits against Target multiplied in the weeks following its disclosures in December 2013 and January 2014 that credit-and debit-card data for 40 million customers was stolen and that home and e-mail addresses for as many as 70 million people were compromised. The suits were consolidated before a judge in St. Paul, Minn., who must approve the current settlement creating a $10 million fund to compensate victims.
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